Thursday, 12 April 2012
Brand loyalty
The American Marketing Association defines brand loyalty as:"The situation in which a consumer generally buys the same manufacturer-originated product or service repeatedly over time rather than buying from multiple suppliers within the category" (sales promotion definition)."The degree to which a consumer consistently purchases the same brand within a product class" (consumer behavior definition).In a survey of nearly 200 senior marketing managers, 69 percent responded that they found the "loyalty" metric very useful.
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