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

Advertising Allowance

Also referred to as marketing co-op allowance or promotional allowance, it is the dollar amount that

Prestige Pricing

A pricing strategy where products are priced at a premium to signal superior quality and status,