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noname [10]
2 years ago
8

Wha Companies use relationship marketing to build and maintain relationships with their _______________. *

Business
1 answer:
Elena-2011 [213]2 years ago
8 0

Answer:

customers.

Explanation:

Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

One of the importance associated with good marketing communication (relationship marketing) is that, it improves the image of a business firm. A business firm with a good company reputation or prestige for the sales and production of quality products with an excellent customer relationship can easily introduce new products into the market at a high price without limitations.

Hence, companies use relationship marketing to build and maintain relationships with their customers.

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Bay crab processor has a contract with jim, a local crabber, to buy all the crabs jim catches during the season for 35 per bushe
vichka [17]
The answer to this question is the "output contract". This is a mutual agreement between the producer of the product and the buyer. The producer agrees that he will sell all his product to the buyer and the buyer agrees that he will buy all the product delivered to him by the producer. Thus, to complete the sentence we have it "<span>Bay crab processor has a contract with Jim who is a local crabber and inform Jim that he will buy all the crabs. Then, Jim catches during the season for 35 per bushel. this is an example of an OUTPUT contract.</span>"
3 0
2 years ago
A company sells two products with information as follows:
sattari [20]

Answer:

True.

Explanation:

The Contribution margin i.e Sale price less Variable Cost per unit for product A is (15-4) is $11 & for product B is ( 21-13) is $8. for making 4 units of product A we need three machine hours, so if we divide units by machine hours only 0.9 unit of A can be made in an hour  while we can made 5 units in 0.7 hours pf product B, so if we divide 5 by 0.7, approximately 7 unit of B can me made in an hour.

Thus, in the production of 1 hour we can make $10 from product A while we can make $ 57 from product B.

Product A Product B

S.P  $15.00   $21.00  

V.C  $4.00   $13.00  

Contribution Margin Per unit  $11.00   $8.00  

Units Produce Per hour Production 0.9 7

CM Per hour  $10.27   $57.14  

8 0
3 years ago
Who is responsible for performing a pre-departure checklist on a recreational boat?
photoshop1234 [79]
Skipper or operator of the boat.
8 0
2 years ago
A payroll company licenses its software to organizations. The license allows customers to make a backup copy of the software. Al
kolbaska11 [484]

Answer:

Explanation:

In order for payroll company to claim trade secret violation it needs to prove four things

  • It must prove that the payroll software has at least minimal value.
  • It must prove that the payroll software has sufficient originality.
  • It must prove that it has invested heavily in the development of the payroll software.
  • It must prove how they violated confidentiality

By proving all of these things the payroll company has a standing to open a claim against the violaters and take the case to court, demanding recompensation.

3 0
3 years ago
Since 1970, Super Rise, Inc., has provided maintenance services for elevators. On January 1, 2016, Super Rise obtains a contract
sladkih [1.3K]

Answer:

1) Jan 1

Dr Cash $95,000

Cr To Deferred Revenue $95,000

2) Jan 31

Dr Deferred Revenue $9,500

Dr Bonus Receivable $4,750

Cr To Service Revenue $14,250

3) May 31

Dr Deferred Revenue $9,500

Dr Bonus Receivable $23,750

Cr To Service Revenue $33,250

Explanation:

1) Preparation of the journal entry that Super Rise would record on January 1.

Jan 1

Dr Cash $95,000

Cr To Deferred Revenue $95,000

2) Preparation of the journal entry that Super Rise would record on Jan 31

Jan 31

Dr Deferred Revenue $9,500

($95,000/10month)

Dr Bonus Receivable $4,750

($47,500/10months)

Cr To Service Revenue $14,250

($9,500+$4,750)

3) Preparation of the journal entry that Super Rise would record on May 31

May 31

Dr Deferred Revenue $9,500

($95,000/10month)

Dr Bonus Receivable $23,750

($4,750*5 ) from jan to may

Cr To Service Revenue $33,250

($9,500+$23,750)

8 0
2 years ago
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