_____ means new entrants to an industry face existing products and services with loyal customers who are not likely to switch easily to something new.

Name: _____ means new entrants to an industry face existing products and services with loyal customers who are not likely to switch easily to something new.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Brand loyalty means that customers are committed to a particular brand and are not likely to switch to a competitor, making it difficult for new entrants to attract these loyal customers.

_____ Means New Entrants to an Industry Face Existing Products