________ Can Be Defined as a Deeply Held Commitment to Rebuy

question 32

Multiple Choice

________ can be defined as a deeply held commitment to rebuy or repatronize a preferred product or service in the future despite situational influences and marketing efforts having the potential to cause switching behavior.

• A) Value proposition
• B) Loyalty
• C) Satisfaction
• D) Respect
• E) Customer value

---

Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the surplus generated beyond the firm’s opportunity costs.

ATC

Average Total Cost; it's the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

Variable Cost

Expenses that change in proportion to the production volume.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, reflecting the true profitability of a business.