Exam 10: Repeat, Loyal and Relational Buying

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Stochastic models are based on cognitive processes.

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Describe Ehrenberg's NBD model.

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Which of the following correctly describes some of the attributes of brand relationship quality reported by Fournier (1998)?

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Reichheld (1988) argued that consumers' repeat purchase patterns may not reveal their true loyalty behaviour as they may be trapped by inertia or they may be indifferent to brands or there may be high exit barriers imposed by the brand.

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Service encounter failure was one of the categories of switching behaviour identified by Keaveney.

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