Brand equity provides a financial advantage for a brand's owner because successful, established brand names have an economic value in the sense that they are

Brand equity provides a financial advantage for a brand's owner because successful, established brand names have an economic value in the sense that they are intangible assets that can be bought or sold.

Explanation:

The commercial value of a well-established brand name based on the perception of the consumer. It is significant as the brand equity reflects in the price of the service or products and this can be considered as an asset to the brand.

The established brand name would help the concern in welcoming a wide range of customers thereby having enough profits and goodwill.

The following factors stimulate the consumers to buy the brands that have high brand equity,

For example, Apple has a high brand equity. In spite of the similarity in terms of features to other brands, the loyalty of the customers, the demand and price premium remains the highest among all other companies in the consumer tech industry.

fractionally backed paper money

fiat money

paper money

metallic money

there is no possible way mgk stands a chance with the greatest white rapper of all time. eminem killshots had more bars than rap devil and the reason mgk is doing all this is cause he not getting attention anymore til the release of rap devil and the disses he is putting on eminem. now rap devil was more fire than killshot so mgk might won the battle with rap devil but eminem won the war with killshot.