Evaluate the statements according to Brand Asset Valuator Model of Brand Equity.
Statement I Knowledge measures the degree to which a brand is seen as different from others as well as its pricing power.
Statement II Esteem measures perceptions of quality and loyalty or how well the brand is regarded and respected.

A. Both statements are correct

B. Both statements are incorrect

C. Statement I is correct while Statement II is incorrect

D. Statement I is incorrect while Statement II is correct

Answer: Option D