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Is branding still playing important role in business
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[QUOTE="Richee84, post: 246118, member: 42448"] The best way a producer can differentiate it product from it competitors is through branding of it products. Branding serve a very good purpose in any business, because is what actually give identity to the product the customer are buying. Apart for the main aim of every entrepreneurs to maximize profit, the most important aim of every entrepreneurs is to develop a strong brand for it product that will last long in the mind of it customers. When a product has a good brand in the market, the brand will be in the mind set of it customers at all time and good branding for a product help to retain or keep the customer. When a customer perceived a product to have a good brand in their mind, they will tend to keep buying that particular product at all time. For example in the phone industry, there are many manufacturers and each manufacturers have it own brand in own brand in the market, IPhone have succeeded creating a brand for it product all over the world and most people see IPhone as the best phone in the market and some people can not use any other phone apart from IPhone. Branding is very key to a business success. [/QUOTE]
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Is branding still playing important role in business
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