Faktor-Faktor yang Memengaruhi Loyalitas Pelanggan pada Bisnis Kosmetik Lokal
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Abstract
The Association of Indonesian Cosmetics Companies and Associations (PPA Kosmetika Indonesia) provides information that there will also be a significant increase in 2023, where there will be an increase of 21.9%, with a total of 1,010 local cosmetic companies. Seeing the increasingly tight competition in the cosmetics business in Indonesia, this has encouraged Luxcrime to think about the right strategy to suppress new competitors that are starting to emerge. It is important for companies to increase customer satisfaction with Luxcrime products amidst existing competition as a form of effort to form customer loyalty to Luxcrime. This study aims to determine the influence of product quality, price perception, and price satisfaction on price loyalty. The research sample was obtained through a purposive sampling method with a total of 244 respondents who knew and had purchased Luxcrime products in DKI Jakarta. Data was processed using the SEM-PLS method via the SmartPLS version 4 application. The results show that product quality and price perception have a positive and significant effect on customer loyalty and customer satisfaction. Customer satisfaction also influences customer loyalty positively and significantly. Apart from that, customer satisfaction succeeded in mediating the influence of product quality and price perception on customer loyalty positively and significantly, so that this mediation occurred partially.
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