Question

state the advantage and disadvantage of necessity of brand​

Answer 1

Answer:

The increased expense of wages and professional fees to develop a brand may or may not

Answer 2

A brand can be defined as an established identity for products and services.

Explanation:

A brand can be defined as a separate identity for products and services used to specify the products and differentiate between them.

Advantages of a brand are:

1. A brand helps in creating goodwill in the market.
2. A brand also makes the products of a one supplier identifiable and separate from other products.
3. A brand is also useful in achieving other objectives of the firm.

Disadvantages of a brand are:

1. A brand is an established identity in the market so it is generally on the expensive side.
2. It is not necessary that branded items are always good.
3. Brands sometimes exploit their workers in the name of production