When suppliers, distributors, and customers partner with each other to improve the performance of the entire system, they are participating in a ______________.

Related MCQs

• ______________ is a system of selling goods directly to customers through a network of self employed people
• When producers, wholesalers, and retailers act as a unified system, they comprise a:
• ______________ pricing means assigning a low price tag for a product and providing the benefits of low-cost mass production to the customers.
• The three major considerations in price setting are: costs set the floor price; ______________; and customers' assessment of unique features establishes the price ceiling.
• Sub-dividing of market into homogeneous sub-sections of customers is known as
• The basic objective behind the ______________ is to add value to the product significantly for winning the customers' loyalty.
• ______________ marketing uses telecommunication devices to reach prospective customers
• An organisation directs its marketing efforts at two or more segments by developing a marketing mix for each segment.
• An organisation directs its marketing efforts at two or more segments by developing a marketing mix for each segment.
• The five product levels constitute a ______________. At each level more customer value is added.