ENTREPRENEURIAL MARKETING
PROMOTION STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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By offering a loyalty marketing program, a company is attempting to keep customers coming back by rewarding them for their frequent purchases.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Customer loyalty describes an ongoing emotional relationship between you and your customer, manifesting itself by how willing a customer is to engage with and repeatedly purchase from you versus your competitors. Loyalty is the byproduct of a customer’s positive experience with you and works to create trust.
Detailed explanation-2: -Non-price competition involves advertising and marketing strategies to increase consumer demand and develop brand loyalty.
Detailed explanation-3: -Offer Discounts. Reward Customers. Promote Your Rewards Program. Encourage Referrals. Create a Point System. Partner with Another Company. Set Up a Subscription Service. Ask for Feedback. More items
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