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YS > Social CRM > Ch2: Understanding relationships

Authored by Max Barahona

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YS > Social CRM > Ch2: Understanding relationships
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7 questions

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1.

OPEN ENDED QUESTION

3 mins • Ungraded

What is a relationship and how do you know if you are in one?

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2.

OPEN ENDED QUESTION

3 mins • Ungraded

How do customer-supplier relationships change over time?

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3.

OPEN ENDED QUESTION

3 mins • Ungraded

Companies and customers may have different reasons for entering into long-term relationships; identify where the common ground lies, that is in which circumstances it is in the interest of both parties.

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4.

OPEN ENDED QUESTION

3 mins • Ungraded

What is customer lifetime value and why is it important?

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5.

OPEN ENDED QUESTION

3 mins • Ungraded

Why are long-term, loyal customers often companies’ most profitable customers?

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6.

OPEN ENDED QUESTION

3 mins • Ungraded

Identify four generic strategies for increasing the lifetime value of a customer.

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7.

OPEN ENDED QUESTION

3 mins • Ungraded

What are the main schools of relationship management theory and how do they describe and explain relationships between customers and suppliers?

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