What is a key reason customers choose to do business with you?

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Prepare for the UCF MAR3407 Integrated Marketing and Sales Exam 2. Use flashcards and multiple choice questions with hints and explanations. Ace your exam!

Customers often choose to do business with a company because they have developed a relationship based on familiarity, personal connection, and trust. The "know, like, and trust" factor emphasizes the importance of building rapport and credibility in the customer relationship. When customers know a brand and have positive feelings towards it, they are more likely to engage and remain loyal. This relationship often leads to repeat business and referrals, which are critical for long-term success.

For instance, when customers trust a brand, they perceive the company's products and services as reliable and of high quality. This trust can stem from positive experiences, good customer service, and transparent communication. In today's market, where consumers have access to numerous options, the emotional connection between a customer and a brand plays a significant role in their purchasing decisions.

While fast service, low prices, and competitors' success can influence customer choices, these factors are often seen as secondary to the trust and relationship a customer has with a brand. When customers feel an emotional connection, they are more likely to overlook other factors like price or speed of service. Thus, the "know, like, and trust" principle stands as a cornerstone in business relationships.