Sunday, March 31, 2013

Response to Suzanne Koval (DPS)

Suzanne asks "Would you buy a new product from a company you know has satisfied you in the past?" My answer is yes, and I feel I can speak for the majority when I say that. Customer loyalty is one of the strongest assets a company has when introducing new products. Repeat customers are a tool that a company will use to cheaply market a new product via word of mouth. Companies with a large marketing mix will have the easiest time with this form of customer loyalty.

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