On Customer Loyalty
Zhijun Han
Abstract
Zhijun Han
Abstract
Even though both Chinese and foreign researches cannot reach the agreement on the issue of customer loyalty, their work still indicates that customer loyalty means more to enterprises than any other factors relevant to the profitability of enterprises such as market share and cost. Therefore, it is of great importance for the enterprises' growth as well as customer relationship management to research into the essence and other relevant conceptions customer loyalty.
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Even though both Chinese and foreign researches cannot reach the agreement on the issue of customer loyalty, their work still indicates that customer loyalty means more to enterprises than any other factors relevant to the profitability of enterprises such as market share and cost. Therefore, it is of great importance for the enterprises' growth as well as customer relationship management to research into the essence and other relevant conceptions customer loyalty.
Key concepts: Loyalty business model, Business, Profitability index, Loyalty, Customer retention, Marketing, Customer equity, Customer delight