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What is branding? Does a brand truly have equity? Explain why or why not. Can a private-label product ever develop brand equity and brand loyalty?

  1. What is branding?
  2. Does a brand truly have equity? Explain why or why not.
  3. Can a private-label product ever develop brand equity and brand loyalty? Explain why or why not.
  4. Explain the benefits of branding from both a consumer's point of view and a manufacturer's/advertiser's perspective.
  5. Explain whether or not branding plays an important role in product identification, repeat sales, and new-product sales.

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