Customer Loyalty
Also found in: Wikipedia.(redirected from Loyalty business model)
Customer Loyalty
The likelihood that a
customer will continue to patronize the same businesses. A number of factors may influence customer loyalty, including length of the business relationship, quality of customer service, and
prices.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive
Loyalty cards are a system of the
loyalty business model .A retail establishment or a retail group may issue a loyalty card to a consumer who can then use it as a form of identification when dealing with that retailer.
Create customer satisfaction and you have the catalyst for a basic
loyalty business model. The key: Determine what loyalty program incentives will develop and maintain loyalty.
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