BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Establishing a strong customer base, gaining loyalty, and building relationships are all examples of which External Operating factor?
A
Customers
B
Competitors
C
Suppliers
D
Interest Groups
Explanation: 

Detailed explanation-1: -To build customer loyalty, it helps to incentivize repeat purchases with special offers, discounts or perks. You might even consider creating your own customer loyalty program.

Detailed explanation-2: -Some buyers and sellers are more interested in building strong relationships with one another than others. The four types of relationships between buyers and sellers are transactional, functional, affiliative, and strategic.

There is 1 question to complete.