Which of the Following Statements About Functional Relationships Is True

question 11

Multiple Choice

Which of the following statements about functional relationships is true?

• A)Buyers and sellers are both concerned about the welfare of the other party.
• B)Price is of low concern for both buyer and seller in a functional relationship.
• C)Functional relationships are examples of win-win partnerships.
• D)Functional relationships continue as long as the customer is satisfied.
• E)In a functional relationship, both the buyer and the seller have a long-term commitment to the relationship.

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Definitions:

Cohesion

The force that holds members of a group, society, or material together, promoting unity and consistency.

Internal Communications

The exchange of information and messages within an organization among its members.

External Communications

The process of conveying information and messages from an organization to the outside world, including the public, customers, investors, and other stakeholders.

Vision

A mental image of what the future could or should be, guiding an individual or organization's planning and decision-making processes.