How does rebranding affect consumer perception?
Rebranding can significantly alter consumer perception by refreshing the brand's image and values.
Can you give me examples of successful rebranding?
Sure! Companies like Apple and Starbucks have successfully rebranded to enhance their market presence.
What are the risks involved in rebranding?
The risks include alienating existing customers, miscommunication of the new brand message, and potential loss of brand equity.
How can a company measure the impact of rebranding?
Companies can measure impact through surveys, social media engagement, sales data, and brand awareness studies.
What strategies can help in a successful rebranding?
Effective strategies include thorough market research, clear communication, and involving customers in the rebranding process.
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