Typically a consumer will go to the store and reach for a brand. If the consumer grabs the same brand repeatedly, this is almost always habitual buying, not brand loyalty. In these scenarios the consumer's buyer behavior doesn't go through the normal belief-attitude-behavior sequence.
What is 'Liability' A liability is a company's financial debt or obligations that arise during the course of its business operations. Liabilities are settled over time through the transfer of economic benefits including money, goods or services.
Meaning of âpublic liabilityâ in the English Dictionary. See all translations. uk â us â INSURANCE, LAW. âº a situation in which a member of the public is hurt or damage is caused to their property by a company's actions or products: If you were sued, your house insurance should cover you for public liability. public liability claim/cover.