Discuss the merits of relationship marketing

Assignment Help Business Economics
Reference no: EM13869377

Increasingly, a key goal of marketing is to develop deep, enduring relationships with all people or organizations that could directly or indirectly affect the success of the firm’s marketing activities. Relationship marketing has the aim of building mutually satisfying long-term relations with key parties—customers, suppliers, distributors, and other marketing partners—in order to earn and retain their business.

1. Discuss the merits of relationship marketing.

2. Describe in detail a company that is in business today that models relationship marketing.

Reference no: EM13869377

Questions Cloud

Compound interest rate per year compounded annually : It’s your 1st yr in college and you have agreed to loan a friend you met $3,000, which your friend will pay you back for at the end of your 4 years. How much will your friend pay you at the end of the 4 years? How much would this annual payment be at..
Competing concepts-production-product-selling concept : The competing concepts under which organizations have conducted marketing activities include: the production concept, product concept, selling concept, marketing concept, and the societal marketing concept. Identify examples of companies (preferably ..
Describe equilibrium price and quantity : Describe equilibrium price and quantity, and explain and illustrate with two supply and demand graphs how a change in supply and a change in demand affect the equilibrium point. Define price elasticity of demand in your own words, and provide example..
Difference between demand and quantity demanded : Explain the concept of supply and demand in your own words and provide two examples of how you see it at work: one from the news and one from personal experience. State the difference between demand and quantity demanded, as well as the difference be..
Discuss the merits of relationship marketing : Increasingly, a key goal of marketing is to develop deep, enduring relationships with all people or organizations that could directly or indirectly affect the success of the firm’s marketing activities. Discuss the merits of relationship marketing. D..
Sunk costs and decision making : Beth has plans to go to a play and already has a $50 non refundable, non exchange able, and non transfer able ticket. Now Carl, whom Beth has wanted to date for a long time, asks her to a party.
Lotteries and expected utility : Lotteries and expected utility. An expected utility maximizing decision maker declares that he prefers a lottery that pays $5 and $10 with equal probability to a lottery that pays $10 with probability 3 4 , and $0 with probability 1 4 . Which would t..
Confidence on the demand for money : Confidence on the demand for money is log M=14.666+.021logC-.036log r m- real money balance c consumer confidence r is interest rate paid on bank deposit. Based on this study How 5% increase impact the demand for money a .Increase or decrease 1.8%, d..
Healthcare service conformed to model of perfect competition : Suppose the market for healthcare services conformed to the model of perfect competition presented in class, as represented in the figures below. If the government levied a $10 tax on providers for each service they provided, how would the market pri..

Reviews

Write a Review

Business Economics Questions & Answers

  Employer is trying to overcome principal-agent problem

Which of the following practices would indicate that an employer is trying to overcome a principal-agent problem with his employees?

  Change in consumer tastes

Suppose the demand for Coca-Cola increases due to a change in consumer tastes. Ceteris paribus, the equilibrium price should _______ and the equilibrium quantity should _______.

  Identify the engineering economy symbols involved and value

Phelps-Dodge plans to expand capacity by purchasing equipment that will provide additional smelting capacity. The cost of the initial investment is expected to be $16 million. The company expects revenue to increase by $3.8 million per year after the..

  Q1 susie purchased a non-refundable ticket to a soccer

q1. susie purchased a non-refundable ticket to a soccer match for 20. it will cost her 10 worth of gas and wear and

  Explain why an economys income must equal its expenditure

Explain why an economy's income must equal its expenditure and why is it desirable for a country to have a large GDP? Give an example of something that would raise GDP and yet be undesirable.

  Evaluate the institutionalist economists

Evaluate the institutionalist economists. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.

  Q1 the long heel press produces memo pads in its local shop

q1. the long heel press produces memo pads in its local shop. the corporation can lease its paraphernalia and hire

  Draw the ten shrimp ball isoquant curve

Consider a shrimp restaurant at Fisherman’s Wharf in San Fransisco. The chef at the restaurant chooses whether to use farm-raised or wild-caught shrimp to produce the main dish – shrimp balls.  Draw the ten shrimp ball isoquant curve. Add to this gr..

  Qthis is a drag-and-drop question click on the curves below

q.this is a drag-and-drop question. click on the curves below and drag them to a new location on the graph that will

  Illustrate what is the business cycle

Illustrate what is the Business Cycle. Be able to describe all of its parts such as peak, trough, long-term trend, etc.

  Blight destroys a significant portion of the corn crop

Consider the market for corn in the United States. Suppose that the mandated percentage of ethanol in gasoline is increased and at the same time a corn blight destroys a significant portion of the corn crop. Using a supply and demand diagram, show wh..

  Elucidate what type of returns to scale

Elucidate what type of returns to scale does this technology represent.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd