In strategic partnerships if customers have a bad experience, they simply exclude the selling company from the consideration set next time. Selling firms with this orientation generally have to touch large numbers of customers to generate business, thus risk is reduced because the selling firm is less dependent on any one customer or a small number of customers.
Correct Answer:
Verified
Q74: Transactional selling is characterized by short-term customer
Q75: In relational selling buyers and sellers remain
Q76: In transactional selling no long-term commitment or
Q77: Relational selling can be more adversarial than
Q78: In relational selling buyers and sellers participate
Q80: Recognition, by both buyer and seller, that
Q81: Customer retention refers to the percentage of
Q82: In transactional selling firms seek to develop
Q83: Poorly served or neglected customers are likely
Q84: Relational selling requires a longer-term focus, thus
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents