Strong brand names are important (Abbott Laboratories)

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If strong brands are critical to compete, then new competitors will have to improve their brand value in order to effectively compete. Strong brands positively affect Abbott Laboratories. … This qualitative factor will lead to a decrease in costs. "Strong brand names are important (Abbott Laboratories)" will have a long-term negative impact on this entity, which subtracts from the entity's value. This statements will have a short-term negative impact on this entity, which subtracts from its value.

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