Describe the three levels of relationship marketing.
What will be an ideal response?
Transaction selling: The salesperson sells to customers and does not contact them again.
Relationship selling: After the purchase, the seller finds out if the customer is satisfied and has future needs.
Partnering/consultative selling: The seller works continually to improve the customer's operations, sales, and profits.
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Which of the following BEST describes the term "economic system"?
A. A nation's system for allocating resources among its citizens B. The value of all of the products a nation exports minus the economic value of its imported products C. The total value of all goods and services produced by a national economy within a given period D. A nation's policy to smooth out fluctuations in output and unemployment and to stabilize prices E. The system for controlling the size of the nation's money supply
All of the following are important components of supply chain management EXCEPT:
a. return b. refund c. deliver d. make e. source
The three branches of government in the United States are
A. the executive, legislative, and administrative. B. the administrative, executive, and statutory. C. the executive, legislative, and judicial. D. the administrative, legislative, and international.
A plot of land is 5 meters by 10 meters. What is the area in hectares?
a. 0.050 ha b. 0.005 ha c. 5.000 ha d. 0.500 ha