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Product Development Policy
Meaning of Trademarks
Importance of Trademarks to customers
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A
trademark
creates a sense of
security
and consistency for customers
It promotes
loyalty
towards a specific
trademark
and creates consistency for customers
Consumers are more likely to accept
new
products that are marketed under a well-known brand/
trademark
Trademarks represents a certain
standard
of quality and
price
to the consumer