Answered

What is the role of trust in brand loyalty?
O a. Trust is important for luxury brands
O b. Trust is essential for building and maintaining brand loyalty
O c. Trust affects brand loyalty for certain industries
Od. Trust has a multicollinear impact on brand loyalty



Answer :

GinnyAnswer

Final answer:

Trust is vital for brand loyalty as it fosters credibility and reliability with consumers, leading to long-term loyalty.


Explanation:

Trust plays a crucial role in brand loyalty as it establishes a sense of reliability and credibility among consumers. Consumers are more likely to remain loyal to a brand they trust, even when faced with competitive alternatives.

For example, when a company maintains transparency and honesty, it can build a strong foundation of trust with its customers, leading to long-term brand loyalty.

Moreover, trust is essential for maintaining brand integrity and value globally, as it influences consumer perception and willingness to continue supporting the brand over time.


Learn more about Trust and brand loyalty here:

https://brainly.com/question/40598841