Exam 12: Managing Relationships and Building Loyalty

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Which of the following is an example of a service that involves discrete transactions within a membership context?

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A membership relationship is a formalized relationship between the firm and an identifiable customer that may offer special benefits to both parties.

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Describe how Vanguard Group keeps its costs down to attract the right type of customer.

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The two ends of the customer satisfaction/loyalty relationship are terrorist and apostle.

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