article 12: customer loyalty is overrated Flashcards

1
Q

process fluency

A

= the product of repeated experience, and it increases relentlessly with the number of times we have the experience

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2
Q

cumulative advantage

A

= the layer that a company builds on its initial competitive advantage by making its offering an ever more instinctively comfortable choice for the customer.
- four basic rules;
1. Become popular early
2. Design for habit
3. Innovate inside the brand
4. Keep communication simple

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