Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Relationship marketing is a strategic approach that, links the organization to its individual customers, employees, suppliers, and other partners for their mutual long-term benefit (Kerin

Relationship marketing is a strategic approach that, "links the organization to its individual customers, employees, suppliers, and other partners for their mutual long-term benefit" (Kerin & Hartley, 2022). Anecdotally, I recently saw an organization gently remind and encourage its consumers to use their app. It keeps people loyal and engaged with the organization and provides a real service for the consumers to stay up to date on events, find resources, etc. This is just one of many examples of relationship marketing. Relationship marketing alsoleverages promotional mix components like advertising, public relations, sales promotions, personal selling, and direct marketing to amplify customer contentment and involvement. In the consumer purchasing journey, B2C transactions feature solitary decision-makers swayed by emotions and widespread marketing campaigns, while B2B acquisitions encompass several decision-makers, logical considerations, substantial transaction volumes, and customized marketing channels.

Reference:

Kerin, R. A., & Hartley, S. W. (2022).Marketing: The core(9th ed.). McGraw Hill.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Please JUSTIFY or agree/disagree with the writer or answer the Above. And please mention if you are justifying,agreeing,disagreeing or answering the above. Thanks

The note should have intext citations. For example, anything with numbers or quotes per paragraph. The intent citation just needs to be the Author's last name and year it was published. Please also include REFERENCES. Thanks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic management concepts

Authors: Fred david

13th Edition

9780136120988, 136120997, 136120989, 978-0136120995

More Books

Students also viewed these General Management questions