Asked by Shalara Santana on Jun 11, 2024

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When a brand is said to be commoditized, what does this refer to?

A) The brand is sold everywhere.
B) The brand has reached the pinnacle of equity.
C) The user associates the brand with a narrow functional need.
D) All of these.

Commoditized

Refers to products or services that are perceived as interchangeable with others in the market, often leading to competition primarily based on price.

Functional Need

The basic requirement of consumers that prompts the search for products or services that can solve a specific problem or fulfill a need.

Pinnacle of Equity

The highest level of brand equity a brand can achieve, characterized by strong brand loyalty, recognition, and preference.

  • Understand the impact of commoditization on a brand and strategies to avoid it.
verifed

Verified Answer

AB
Ashanti BraceyJun 15, 2024
Final Answer :
C
Explanation :
When a brand is said to be commoditized, it means that consumers perceive it as interchangeable with other brands based on a narrow functional need, rather than any unique qualities or brand equity.