High School

Customer loyalty is one of the biggest assets the business has. Fill in the blank with an explanation or an example of how this loyalty benefits the business.

Answer :

Final answer:

Customer loyalty is a valuable asset for businesses as it leads to repeat purchases, positive referrals, and increased revenue.

Explanation:

Customer loyalty is one of the most valuable assets a business can have. It refers to the tendency of customers to repeatedly choose a particular company's products or services over those of its competitors. Customer loyalty is crucial because it leads to repeat purchases, positive word-of-mouth referrals, and increased revenue.

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