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BMIS – May 2019 – L1 – Q4 – Finance, R&D and marketing strategies

Explain the role of relationship marketing, customer care, and customer service in increasing sales revenue.

Brand Marketing Concepts Ltd (BMC) has for five years employed traditional methods of advertising and promotional messages to directly increase sales. The Accounts Officer in his year-end financial report has observed that sales revenue for two of the four products marketed by BMC have seen neither increase nor decrease for the past two years.

Required:
a) What roles can relationship marketing, customer care, and customer service play in increasing sales revenue for the two products marketed by BMC? (15 marks)

b) State FIVE (5) basic principles to be applied to develop customer relationship. (5 marks)

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BMIS – May 2016 – L1 – Q5b – Finance, R&D and marketing strategies

Suggest five strategies that can be put in place to reverse the trend of declining customers.

Your company has recently witnessed a drop in the number of its customers. Suggest FIVE strategies that can be put in place to reverse this trend.

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BMIS – May 2019 – L1 – Q4 – Finance, R&D and marketing strategies

Explain the role of relationship marketing, customer care, and customer service in increasing sales revenue.

Brand Marketing Concepts Ltd (BMC) has for five years employed traditional methods of advertising and promotional messages to directly increase sales. The Accounts Officer in his year-end financial report has observed that sales revenue for two of the four products marketed by BMC have seen neither increase nor decrease for the past two years.

Required:
a) What roles can relationship marketing, customer care, and customer service play in increasing sales revenue for the two products marketed by BMC? (15 marks)

b) State FIVE (5) basic principles to be applied to develop customer relationship. (5 marks)

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You're reporting an error for "BMIS – May 2019 – L1 – Q4 – Finance, R&D and marketing strategies"

BMIS – May 2016 – L1 – Q5b – Finance, R&D and marketing strategies

Suggest five strategies that can be put in place to reverse the trend of declining customers.

Your company has recently witnessed a drop in the number of its customers. Suggest FIVE strategies that can be put in place to reverse this trend.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BMIS – May 2016 – L1 – Q5b – Finance, R&D and marketing strategies"

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