1. Brand loyalty is the commitment buyers have to a particular brand. Brand loyalty is useful in...

Question:

1.

Brand loyalty is the commitment buyers have to a particular brand. Brand loyalty is useful in reducing marketing costs and creating barriers to entry from others, as customers say, “I would go only to the Smith Group for my medical care.” In health care, creating brand loyalty remains a challenge. A 2017 study by NRC Health indicated that slightly over 40% of consumers were not loyal to a hospital or health system.22

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Health Care Market Strategy : From Planning To Action

ISBN: 9780256189681

5th Edition

Authors: Eric N. Berkowitz; Steven G. Hillestad

Question Posted: