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Sagot :
The business/marketing environment factor that explains why Netflix and Wal-mart did well during the recession is branding.
What is branding?
It corresponds to a strategy of active management of a brand, creating value for it through its visual identity and objectives, generating engagement with the target audience and satisfying their needs and desires in an innovative and creative way.
Therefore, branding is an essential strategy for a brand to be competitive and well positioned in the market.
Find out more about branding here:
https://brainly.com/question/24456504
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