In return for the endorsement of its products, FTD Florists gives the AARP (Association of American Retired People) a reduced rate on all flower deliveries. FTD also gives the AARP back a percentage of sales it makes as a result of using the AARP name in its ads. AARP members have provided information to FTD about the types of flowers they like to give and receive and on the types of occasions when they believe flowers should be sent. This is an example of a ______ between a buyer and a seller.
A. Market exchange
B. Strategic partnership
C. Transactional relationship
D. Functional relationship
E. Transformational relationship
Answer: B. Strategic partnership
Business
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Wholesalers exclude manufacturers and farmers because they are engaged primarily in production,
but include retailers, as they are selling to the end consumer. Indicate whether the statement is true or false
Business
A graphic model that presents a precise overview of the knowledge, skills, and behaviors someone would need to perform a job well is known as a(n) ________
A) scatter plot B) competency model C) classification table D) organizational chart
Business