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4.1.1 define different types of marketing RELS/ marketing rel approaches…
4.1.1 define different types of marketing RELS/ marketing rel approaches and any ethical issues relating to them
intro
rel marketing - ongoing process of engaging in collab activities/ programs w immediate customers - Sheth
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provide customer w honesty, transparency and fairness in exchange for customer trust --- being ethical w the consumer
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can be obtained through ex. a contract without having any hidden terms and conditions from the client
type of marketing rel
franchising - org contracts w other firms/indv/ grp to offer products and services under its brand names
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Agency Theory - (Tate et al., 2010)
comms agency rels
trust is essential in assessing initial/ ongoing competencies and the quality of future service provision
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- retailing and personal selling
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selling function - customer most frequently interacts w company - thru company salesforce / retailer
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diff approaches
1. transaction-based sales - emphasis on completing transaction w/ considering implications for future sales opp - Sharma
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2. rel-based sales - focus on generating customer satisfaction, trust, long-term rels, repeated/potential new business due to gd word-of-mouth
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