Customer Types and Characteristics

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Questions and Answers

Which of the following is NOT a type of customer?

  • Loyal customer
  • Repeat customer
  • Competitor customer (correct)
  • Potential customer

What is an example of a loyal customer?

  • Someone who frequently buys from the company (correct)
  • Someone who has never purchased from the company
  • Someone who is considering buying from the company
  • Someone who only buys from the company once

What is the difference between a potential customer and a repeat customer?

  • Potential customers and repeat customers are the same
  • Potential customers have never purchased from the company, while repeat customers have purchased multiple times (correct)
  • Potential customers have purchased multiple times from the company, while repeat customers have never purchased
  • Potential customers are only interested in purchasing once, while repeat customers are interested in purchasing multiple times

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Study Notes

Customer Types

  • A prospect is a person who has shown interest in a product or service and has the potential to become a customer.

Loyal Customer

  • An example of a loyal customer is someone who consistently purchases from a company over time, demonstrating repeat business and loyalty to the brand.

Customer Comparison

  • A potential customer is someone who may be interested in a product or service, but has not yet made a purchase.
  • A repeat customer, on the other hand, has already made a purchase and returns to make additional purchases.

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