Customer Loyalty

Customer Loyalty

Emerges when customers consistently favor a brand over its competitors, leading to repeat purchases and a long-term business relationship.

It is fostered through positive experiences that make customers prefer one company’s products or services, compelling them to return. This loyalty is not merely transactional but emotional, creating a bond where customers are willing to purchase from the brand regardless of price or the presence of cheaper alternatives. Loyal customers often become brand advocates, actively promoting the company to others and supporting it even during challenging periods.

Related Terms

Base Price

Also referred to as non-promoted price, it is the average price of an item across all

Just in time inventory

An inventory management that is focused on optimizing inventory levels by receiving raw materials and components

Basket Size

The amount that a customer spends in a retail store in single transaction.