Asked by Heather Marie on Jul 14, 2024
Verified
When it comes to measuring brand equity, which type of research is particularly helpful in identifying the sources of brand equity and its role in consumer decisions?
A) brand recall surveys
B) brand recognition research
C) quantitative research
D) product development research
E) qualitative research
Brand Equity
The value and strength of a brand that arises from consumer awareness, perceptions, associations, and loyalty.
Measuring
The process of determining the size, amount, or degree of something typically by using instruments or established standards.
Qualitative Research
A research methodology that seeks to understand phenomena through the collection and analysis of non-numerical data, such as interviews or observations.
- Understand the methodologies for measuring brand equity and its impact on consumer decisions.
Verified Answer
DP
Darryl PerkinsJul 20, 2024
Final Answer :
E
Explanation :
Qualitative research is particularly helpful in identifying the sources of brand equity and its role in consumer decisions because it allows for in-depth exploration of consumer perceptions, attitudes, and experiences related to a brand.
Learning Objectives
- Understand the methodologies for measuring brand equity and its impact on consumer decisions.