Managers seeking to preserve and grow existing business relationships tend to do better when they attend to:
A) Outside environmental factors
B) Legal arrangements
C) Achieving each and every short-term goal
D) Winning new customers
E) The entire value-added chain

Question

Quizplus · Accepted Answer

To preserve and grow existing business relationships, it is important for managers to focus on the entire value-added chain. This includes paying attention to suppliers, internal processes, and customers' needs and wants. By doing so, managers can ensure that they are meeting their customers' expectations and building strong relationships with them, ultimately leading to repeat business and growth opportunities. Focusing solely on achieving short-term goals or winning new customers may neglect the importance of maintaining existing relationships and can hinder long-term success. Attention to legal arrangements and outside environmental factors may be important but are not as critical in preserving and growing existing business relationships.

Managers Seeking to Preserve and Grow Existing Business Relationships Tend