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Respond to the items below. 1. Explain customer-perceived value. 2. Explain total customer satisfaction. 3. What valuable functions can brands perform for a firm? 4. Given that the power of a brand resides in the minds of consumers and how it changes their response to marketing, there are two basic approaches to measuring brand equity. Briefly, describe each of these approaches. 5. Incorporating the concepts discussed in this assignment, answer the following: How does a loyal brand community support the positioning and branding of a small business? Provide an example to support your explanation.
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First part of this assignment is about customer-perceived value, total customer satisfaction, valuable functions can brands perform for a firm, the power of a brand resides in the minds of consumers and how it changes their response to marketing, there are two basic approaches to measuring brand equity as well as a loyal brand community support the positioning and branding of a small business is also included in this part. Second part of this assignment is With Products is it a form or function and whether the right price a fair price or not is also discussed in this paper.
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