- The quality or state of being important; consequence;
weight; moment; significance. - Subject; matter. - Import; meaning; significance. - Importunity; solicitation.
Meaning of 'importance' (Princeton's WordNet)
1 . importance
[ n]
Meaning (1): - a prominent status
Example in sentence:
a person of importance
Meaning (2): - the quality of being important and worthy of note
Importance of Brand A strong brand can be a very powerful asset for a firm. Over 50% of consumers say that a known and trusted brand is a reason to buy a product.
Importance of Business Model Having a clearly articulated business model is important because it does the following:
Serves as an ongoing extension of feasibility analysis (a business model continually asks the question, Does the business make sense?)