Describe the function of brand-tracking studies

What will be an ideal response?

To understand how the sources and outcomes of brand equity change, if at all, over time, marketers conduct brand tracking studies. These studies collect quantitative data from consumers over time to provide consistent, baseline information about how brands and marketing programs are performing. Tracking studies help us understand where, how much, and in what ways brand value is being created, to facilitate day-to-day decision making.

Business

You might also like to view...

The Securities Act of 1933 focuses on regulating the sale of securities in the primary market, whereas the 1934 Act deals with the regulations governing the transactions in the secondary market

Indicate whether the statement is true or false

Business

If all of a firm's businesses share the same core competencies, then that firm has implemented a strategy of ________ diversification

A) single-business B) related-linked C) related-constrained D) dominant-business

Business