A Company with Many Low-Margin Customers May Seek to Develop

question 98

Short Answer

A company with many low-margin customers may seek to develop ________ relationships with customers while companies operating in markets with few customers and high margins want to create ________ partnerships with key customers.

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Definitions:

Current Account

A component of a country's balance of payments that includes the trade balance, net primary income, and net secondary income.

Financial Account

Part of the balance of payments, it records transactions that involve the exchange of international ownership of assets.

Balance Surplus

A situation in which income or receipts exceed expenditures or outlays, often referring to a country's trade or fiscal balance.

Balance Deficit

A situation in financial accounts, particularly in national accounts, where total outflows exceed total inflows.