Creating and maintaining a brand is essential in today’s competitive marketing environment, and brand equity is the outcome of efficient branding activity investments (Seetharaman et al., 2001). The measurement of brand equity should accurately evaluate consumers’ perceptions of the brand in order to develop marketing strategies that align with consumers’ values (Isberg and Pitta, 2013). This is relevant, not only to consumers, who purchase a brand, but also to managers and marketers who evaluate the performance of the brand and formulate powerful strategies (Yasin et al., 2007). Hence, the evaluation of brand equity presents an efficient way to assess both consumers’ brand perceptions and marketing activity