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How effective is word-of-mouth agreements in business.
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[QUOTE="Etini, post: 294339, member: 90141"] Word-of-mouth agreements can be very effective in business, as they are based on trust and personal recommendations. When a customer has a positive experience with a company, they are more likely to tell their friends and family about it, which can lead to new business for the company. Additionally, word-of-mouth agreements can be more cost-effective than traditional advertising methods, as they do not require a large investment in advertising or marketing. However, it's important to note that word-of-mouth agreements can also be less reliable than other types of agreements, as they are not formalized in the same way. Therefore, it's important for companies to focus on providing excellent customer service and building positive relationships with their customers in order to encourage positive word-of-mouth recommendations. [/QUOTE]
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