MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ Marketing recognises the importance of developing long term relationship with customers.
A
Marketing
B
Societal
C
Relationship
D
Selling
Explanation: 

Detailed explanation-1: -Customer relationship marketing (CRM) is a technique based on client relationships and customer loyalty. Using customer data and feedback, companies utilizing this marketing strategy develop long-term relationships with customers and develop laser-focused brand awareness.

Detailed explanation-2: -Relationship marketing is a facet of customer relationship management (CRM) that focuses on customer loyalty and long-term customer engagement rather than shorter-term goals like customer acquisition and individual sales.

Detailed explanation-3: -Building a working relationship with customers is key to the long-term success of a business. Having a strong connection based on trust and communication helps customers feel more secure and connected with a brand, and it can also lead to growing customer retention and your repeat purchase rate.

Detailed explanation-4: -Improve Customer Service: Make it easy for customers to get in touch with you when they need assistance and go above and beyond to solve their problems. Offer incentives: This could include discounts, coupons, or free shipping. B2B content marketing strategy: Target marketing content to solve a problem.

Detailed explanation-5: -Relationship Marketing is a strategy of Customer Relationship Management (CRM) that emphasizes customer retention, satisfaction, and lifetime customer value. Its purpose is to market to current customers versus new customer acquisition through sales and advertising.

There is 1 question to complete.