Differentiation leads to high brand loyalty, which in tum significantly increases the threat of new firms entering the industry.

Name: Differentiation leads to high brand loyalty, which in tum significantly increases the threat of new firms entering the industry.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

Differentiation can lead to high brand loyalty, which typically decreases the threat of new firms entering the industry, as loyal customers are less likely to switch to new entrants.

Differentiation Leads to High Brand Loyalty, Which in Tum Significantly