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Relationship selling refers <strong>to</strong>:<br />
•<br />
when suppliers <strong>and</strong> sellers combine <strong>the</strong>ir expert<strong>is</strong>e <strong>and</strong> resources <strong>to</strong> create cus<strong>to</strong>mized solutions; commit <strong>to</strong><br />
joint planning; <strong>and</strong> share cus<strong>to</strong>mer, competitive, <strong>and</strong> company information for <strong>the</strong>ir mutual <strong>be</strong>nefit, <strong>and</strong><br />
ultimately <strong>the</strong> cus<strong>to</strong>mer.<br />
•<br />
<strong>the</strong> practice <strong>of</strong> building ties <strong>to</strong> cus<strong>to</strong>mers based on a salesperson’s attention <strong>and</strong> commitment <strong>to</strong> cus<strong>to</strong>mer<br />
needs over time.<br />
•<br />
<strong>the</strong> practice <strong>of</strong> maintaining contact with a cus<strong>to</strong>mer on a regularly scheduled bas<strong>is</strong> following <strong>the</strong> initial sale <strong>of</strong> a<br />
product or service.<br />
•<br />
<strong>the</strong> assignment <strong>of</strong> a single salesperson <strong>to</strong> a single cus<strong>to</strong>mer throughout <strong>the</strong> entire sales process.<br />
The initial step in <strong>the</strong> strategic marketing process <strong>is</strong> <strong>to</strong> <strong>be</strong>gin planning by conducting a _______.<br />
•<br />
diversification analys<strong>is</strong><br />
•<br />
market-product analys<strong>is</strong> <strong>and</strong> setting goals<br />
•<br />
situation (SWOT) analys<strong>is</strong><br />
•<br />
business portfolio analys<strong>is</strong>.<br />
Advert<strong>is</strong>ing, personal selling, sales promotion, public relations, <strong>and</strong> direct marketing are marketing<br />
communications alternatives that make up a firm’s __________.<br />
•<br />
media strategy<br />
•<br />
marketing mix<br />
•<br />
communication source<br />
•<br />
promotional mix<br />
Online retail purchases by <strong>consumer</strong>s can <strong>be</strong> <strong>the</strong> result <strong>of</strong> several very different approaches, which include: (1)<br />
paying dues <strong>to</strong> <strong>be</strong>come a mem<strong>be</strong>r <strong>of</strong> an online d<strong>is</strong>count service; (2) participating in an online auction; (3) going<br />
directly <strong>to</strong> online malls; <strong>and</strong> (4) _______.<br />
•<br />
<strong>be</strong>coming a mem<strong>be</strong>r <strong>of</strong> a research group that evaluates new products