Falling business Retitling
By garer zahaka
@jerryTF (3)
November 6, 2021 8:17am CST
a lot of businesses find themselves failing to meet the requirements of the customers, and as time flows they begin losing wowing amounts of money, a strategy used is Retitling the brand. examples are restaurants, clothing brands, internet websites.
how much is this strategy effective in your opinion?
do you have a better suggestion of helping the business stay in line?
4 people like this
4 responses
@louievill (28851)
• Philippines
6 Nov 21
Businesses survives only because there is a need but when there is a need different entities compete to satisfy it and that is called competition. Rebranding is just one strategy in hundreds to get ahead of the competition so I would say strategy to be used should be on a case to case basis since there is no one sure formula for success otherwise all of us would be rich by now.
1 person likes this
@aninditasen (15744)
• Raurkela, India
10 Nov 21
Customer satisfaction comes from quality of any item. Once a customer is satisfied with the quality no one can stop them from buying that product.
@nitirrbb7 (4317)
• India
8 Nov 21
Changing the name makes no sense if the quality remains the same, it would work for a while but might further hamper the business even more.
@cabuyogty (2319)
•
8 Nov 21
I hope your business get a lot of sales and stand still in the future like mine also :)
