Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. most successful businesses today actively develop

Most successful businesses today actively develop loyal customers who buy their brands again and again....

50.1K

Verified Solution

Question

Accounting

Most successful businesses today actively develop loyal customers who buy their brands again and again. After all, getting current customers to buy more is much easier than constantly seeking new customers. In business, its called the 80/20 rule80% of your business revenues come from the most loyal 20% of your customers.

Think of three brands that you buy on a regular basis. Why do you stick to these products? How could another company dislodge you? Discuss. [approximately 200 words]

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Suppose you buy one SPX call option with a strike of 2135 and write one SPX...

Basic Math
1.2K views

Why is it “harder” to find a significant outcome (all other things being equal) when the...

Biology
1.2K views

Listen What structure is labeled as 8 2 3 4 5 1 Comm Langerhans cell...

Basic Math
1.2K views

Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions...

Algebra
1.2K views

Problem 5 Is the Function Linear Determine if the functions represented in the tables below...

Algebra
1.2K views

dentify the graph of g x 2 2 2 2 2 2 2 2 2...

Accounting
1.2K views

Why would we want to keep all of our budgeting assumptions in one place when...

Accounting
1.2K views

Help Save & Exit Submit Lubime Morgan, Inc. uses a perpetual Inventory system and the...

Accounting
1.2K views

The following additional information is also available regarding flight 84 : 84% of...

Accounting
1.2K views

Identify each of the following costs as either direct materials, direct labor, or factory overhead....

Accounting
1.2K views

A comparative balance sheet and income statement is shown for Cruz, Incorporated. \table[[\table[[CRUZ, INCC],[Comparative]],ets...

Accounting
1.2K views

Click below to view the factor tables. Table 1. Future Value of 1 Table 2....