Building Trust in Business Relationships Quiz

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16 Questions

What is the main focus of this module?

Identifying, creating, and maintaining long-term relationships

According to the speaker, why is trust important in business relationships?

Trust is easy to get but hard to maintain once broken

How does the speaker suggest handling problems with customers?

Taking ownership of the problem and working to fix it

What is the speaker's view on customer touchpoints?

They create an impression and should focus on total satisfaction

What is the key to fostering amazing relationships with customers?

Resolving the problem for the customer and making them feel a lot of love and attention

What does 'seamless transaction mode' mean?

Order confirmation, delivery as ordered, and timely communication

What could trigger pricing concerns and questioning of value by customers?

Lack of performance and exceptions in transactions

What is the key to building trust with team members?

Investing time into understanding people's backgrounds and the best way to communicate with them

What is the approach to understanding and communicating with team members from different backgrounds?

Tailoring communication based on individual backgrounds and motivations

What is the opportunity when facing failures?

An opportunity to learn and have the team learn

What should a leader prioritize when it comes to their team's objectives?

Putting the team and objectives first

What does transparency in communication with team members involve?

Communicating intentions and expectations and genuinely caring about their development and progress

What is the role of a leader in professional development?

Actively engaging in conversations around professional development goals and creating opportunities for elevation and career choice

What is the significance of understanding team members' backgrounds and motivations?

To communicate effectively and motivate them accordingly

What should a leader do when seeking feedback from team members?

Genuinely ask, listen, and act on the information accordingly

How should a leader approach team members' professional development goals?

Engage in conversations and create opportunities for elevation and career choice

Take this quiz to test your knowledge on building and sustaining long-term relationships with external customers, suppliers, and team members. Explore the importance of trust in business relationships and assess your understanding of creating and maintaining trust.

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