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Relationship marketing. What is it?. Relationship market is the process of building and maintaining long-term relationships with customers. Basically it attempts to satisfy the needs and wants of consumers in result of them purchasing products. What purpose does it serve?.
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Relationship marketing
What is it? • Relationship market is the process of building and maintaining long-term relationships with customers. • Basically it attempts to satisfy the needs and wants of consumers in result of them purchasing products.
What purpose does it serve? • Why do we have it? Basically the purpose of it is to allow consumers to have knowledge of the fact that they are important to the business • Without satisfied customers they business will fail to successfully sell products. • Also suppling a range of different products allows them to have a choice. If this is not accomplished customers will become uninterested and shop elsewhere.