Conventional brand strategies are based on competition for brand extension.

Name: Conventional brand strategies are based on competition for brand extension.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Conventional brand strategies often focus on creating a unique brand identity, positioning, and differentiation in the market rather than solely on competition for brand extension. Brand extension is a strategy where a firm uses an established brand name to introduce new products.

Conventional Brand Strategies Are Based on Competition for Brand Extension