What does consumer loyalty refer to?

Consumer loyalty refers to the commitment of customers to consistently purchase from the same company over time. This loyalty is often built through positive experiences with the brand, such as quality products, excellent customer service, and effective communication. When consumers are loyal, they are more likely to choose that brand over competitors, leading to repeat business and often increased lifetime value for the company.

The other options focus on different aspects of consumer behavior that do not define consumer loyalty. For instance, willingness to try new products does not directly relate to loyalty, as loyal customers may be selective about new items. The ability to influence other customers' decisions relates to social proof or word-of-mouth marketing rather than individual customer loyalty itself. Finally, while a network of customers might contribute to brand visibility and influence, it does not encapsulate the essence of consumer loyalty, which is rooted in repeat purchasing behavior and brand commitment.