Question

why is branding especially important for the success of a new product upon which a new venture is based

Answer 1

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Branding refers to the unique name, sign and symbol for the identification of the product. _____________♨♨♨


♣♣__ Branding is very important for producer or marketer for product differentiation. It is very important in success of new product on which a whole new venture is based. Branding helps in selling the product. Product can attract customers or advertised only when product is of brand. i e that type of brand which is new as well as demanded by every customer in every field. Brand suggests the advantageous of the product which helps the customer to buy that product and as a result demand will be more of that product in the market.
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If there is a new venture, which is only based on new product they launch, can be sold their product only if the product if of best brand. Brand can help the new venture in selling the product bcx brand show various advantage of new product which automatically increases the demand of product in the market... ___♨♨✨✨♣♣

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HOPE ITS HELPFUL FOR YOU
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Answer 2

Explanation:

I m agree in this point bcx.. people need goods and services anywhere and anytime. It is possible when goods are available in the market... If most of the consumers need one type of then this good has more demand and automatically sales of the business increases. so that's why business has no need to advertisement their product to increase the sales..... Whenever need happens people come to the business and buy goods and services acc to their need.., as a result sales increase....

Thus business point of view.. This is disagree but... someother points call this agree...

HOPE U LIKE IT.. :))