
YS > Social CRM > Ch2: Understanding relationships
Authored by Max Barahona
Business
University
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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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