Answer:
The correct Answer is E) Family Brand
Explanation:
Generally speaking in marketing there are various types of brands.
Family branding (also known as Group Branding) refers to a marketing strategy that promotes a family of products or services under one single/umbrella brand.
This strategy is mainly used by company with a strong brand appeal or equity. Brand equity refers to the value of the brand in the marketplace.
An example of a Family Brand is that of the Apple Corporation. All products by Apple is marketed under the Apple brand. Another example would be Johnson & Johnson
Some of the disadvantages of using the Family Brand strategy include:
Some of the advantages of this strategy are:
Ease of brand management: Products can be managed and marketed quickly and at low cost under an established brand, because they can take advantage of the existing trust and goodwill of consumers.
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