Customers are loyal to existing brands (Apple Inc.)

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It takes time and money to build a brand. When companies need to spend resources building a brand, they have fewer resources to compete in the marketplace. These costs positively affect Apple Inc.. … "Customers are loyal to existing brands (Apple Inc.)" will have a long-term positive impact on the this entity, which adds to its value. "Customers are loyal to existing brands (Apple Inc.)" is an easily defendable qualitative factor, so competing institutions will have a difficult time overcoming it.

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