A Boston diamond distributor has developed the first branded diamond called Hearts on Fire to help smaller retailers counter the volume jewelers' aggressive price discounting. This move is meant to:

A Boston diamond distributor has developed the first branded diamond called Hearts on Fire to help smaller retailers counter the volume jewelers' aggressive price discounting. This move is meant to:



a) take away trademark rights

b) build product identity and customer loyalty

c) create a catchy phrase to promote diamonds

d) combat the quality appeal of generic products

e) combat low-cost production of generic brands



Answer: B


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