Brand equity refers to a value premium that a company generates from a product with a recognizable name when compared to a generic equivalent. Companies can create brand equity for their products by making them memorable, easily recognizable, and superior in quality and reliability. Mass marketing campaigns also help to create brand equity.
Month: January 2020
The 4 Ps
The four Ps of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion. Often referred to as the marketing mix, the four Ps are constrained by internal and external factors in the overall business environment, and they interact significantly with one another.
Consolidation Definition
Consolidation is a technical analysis term referring to security prices oscillating within a corridor and is generally interpreted as market indecisiveness. Said another way, consolidation is used in technical analysis to describe the movement of a stock’s price within a well-defined pattern of trading levels. Consolidation is generally regarded as a period of indecision, which ends when the price of the asset moves above or below the prices in the trading pattern. The consolidation pattern in price movements is broken upon a major news release that materially affects s security’s performance or the triggering of a succession of limit orders. Consolidation is also defined as a set of financial statements that presents a parent and a subsidiary company as one company.
Value-Added
The term value-added describes the enhancement a company gives its product or service before offering it to customers. It can be considered as an extra special feature added by a company or producer to increase the value of a product or service.
Qualifying Event
A qualifying event triggers changes in a policyholder’s insurance due to new life circumstances, such as the birth of a child, and can be made at any time during the calendar year and not solely during open enrollment periods.
With more than 50,000 members across 100 countries, the Institute for Supply Management (ISM) has offered certifications, career help, training and peer networking since its inception in 1915 — making it the largest and oldest non-profit organization of its kind.
Stratified Random Sampling
Stratified random sampling is a method of sampling that involves the division of a population into smaller sub-groups known as strata. In stratified random sampling or stratification, the strata are formed based on members’ shared attributes or characteristics such as income or educational attainment.
With more than 50,000 members across 100 countries, the Institute for Supply Management (ISM) has offered certifications, career help, training and peer networking since its inception in 1915 — making it the largest and oldest non-profit organization of its kind.
Stratified Random Sampling
Stratified random sampling is a method of sampling that involves the division of a population into smaller sub-groups known as strata. In stratified random sampling or stratification, the strata are formed based on members’ shared attributes or characteristics such as income or educational attainment.
Second World
The second world includes countries that were once controlled by the Soviet Union. Second world countries were centrally planned economies and one-party states. Notably, the use of the term second world to refer to Soviet countries largely fell out of use in the early 1990s, shortly after the end of the Cold War.