14. what is the role of branding in marketing?\na) to calculate prices\nb) to manage inventory\nc) to make…

14. what is the role of branding in marketing?\na) to calculate prices\nb) to manage inventory\nc) to make products recognizable and build trust\nd) to reduce expenses\n15. what does promotion in the 4 ps of marketing refer to?\na) advertising and publicity\nb) packaging design\nc) placement of products\nd) pricing models\n16. what is a key difference between a sole proprietorship and a corporation?\na) a corporation is easier to set up\nb) a sole proprietorship has limited liability\nc) a sole proprietorship pays taxes as a separate entity\nd) a corporation offers limited liability protection\n17. what is one benefit of forming a limited liability company (llc)?\na) higher taxes than a corporation\nb) no paperwork is required to start one\nc) protection of personal assets from business debts\nd) unlimited liability

14. what is the role of branding in marketing?\na) to calculate prices\nb) to manage inventory\nc) to make products recognizable and build trust\nd) to reduce expenses\n15. what does promotion in the 4 ps of marketing refer to?\na) advertising and publicity\nb) packaging design\nc) placement of products\nd) pricing models\n16. what is a key difference between a sole proprietorship and a corporation?\na) a corporation is easier to set up\nb) a sole proprietorship has limited liability\nc) a sole proprietorship pays taxes as a separate entity\nd) a corporation offers limited liability protection\n17. what is one benefit of forming a limited liability company (llc)?\na) higher taxes than a corporation\nb) no paperwork is required to start one\nc) protection of personal assets from business debts\nd) unlimited liability

Answer

Brief Explanations:

  1. Branding builds recognition and trust.
  2. Promotion involves advertising and publicity.
  3. Corporations offer limited - liability.
  4. LLCs protect personal assets from business debts.

Answer:

  1. c) To make products recognizable and build trust
  2. a) Advertising and publicity
  3. d) A corporation offers limited liability protection
  4. c) Protection of personal assets from business debts