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Discuss the implications for business organization of adopting the marketing concept?
Wiki User
∙ 9y ago
The marketing concept is based on customer satisfaction. This principle needs to be adopted by the entire organization in order for it to be effective. The implication is that top level management all the way down to hourly employees need to be focused on customer satisfaction.
Wiki User
∙ 9y ago
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What is the relationship between production department and marketing department in a typical business organization?
what is the rlationship between production department and marketing department in a business organisation
Implications for business organizations for adopting marketing concept?
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What is the difference between consumer marketing and business marketing?
Business Marketing refers to the sale of either products or services or both by one organization to other organizations that further resell the same or utilize to support their own system. On the other hand, Consumer Marketing refers to the transaction of goods and services between organizations and potential customers.
How does the company itself affect the company as marketing environment?
Today's company is, in effect, THE MARKETING and not something that affects it. Every company behavior, statement, and policy has implications for one or more stakeholder communities, so it's helpful to look at business operations as components of marketing.
Explain the difference between marketing plan and business plan?
This depends on your definition of marketing. In a marketing focused organization the marketing plan is the business plan and considers all aspects of successfully bringing a product or service to market. However if you're in a business context such as pitching your business ideas your business plan will be more focused around projected earnings and a timing plan. Most of the time when a business plan is mentioned it refers to the documentation put together before the business is formed which outlines the market opportunity, how the business will be run, financial projections, etc. In this case the marketing plan would be a component of the larger business plan. For ongoing business operations, the marketing plan becomes the document that guides the company.
Marketing concept help develope business Discuss this statement from the point of view of capital goods manufacturer?
without adopting the market concept,a business organization cannot possibly hope to develop future plan. discuss this statement from the point of view of a manufacture of capital goods
What is the relationship between production department and marketing department in a typical business organization?
what is the rlationship between production department and marketing department in a business organisation
Implications for business organizations for adopting marketing concept?
If you are looking to automate your digital business or optimize your sales, this is for you.This tool helps you create your landing page or landing pages, allows you to improve interaction with your customers, and do everything in a more efficient way to allow you to take care of other tasks or have more free time. In this video that I present you will learn the importance of digital marketing and I INVITE YOU TO TAKE ACTION !! ht tps: // snip.ly/ tl12sn (Remove spaces)
What is market orientation?
The orientation of the organization to the Marketing concept. The marketing concept is one where the organization is focused on the 3 pillars of marketing: # Customer Focus # Coordinated marketing # Profitability
What three major functions of business organization can you enumerate and explain briefly?
finance, operation,marketing
What is most consistent with the Marketing Concept?
All aspects of a business organization that focus on the needs of the customer.
What is the cost implications?
Cost implications refer to the financial impact of a decision or action. It involves assessing how the decision will affect expenses, revenue, or profitability of an organization. It is important to consider cost implications when making business decisions to ensure financial sustainability and efficiency.
What is the difference between consumer marketing and business marketing?
Business Marketing refers to the sale of either products or services or both by one organization to other organizations that further resell the same or utilize to support their own system. On the other hand, Consumer Marketing refers to the transaction of goods and services between organizations and potential customers.
What is the core and support function in and organization?
The core and support function in an organization is marketing and distribution. Support functions are known to facilitate the core operations of the business.
What is duty of sales and marketing division?
The main duty of sales and marketing division is to bring revenue to the organization. This is achieved by selling products and services which is their core business.
How does the company itself affect the company as marketing environment?
Today's company is, in effect, THE MARKETING and not something that affects it. Every company behavior, statement, and policy has implications for one or more stakeholder communities, so it's helpful to look at business operations as components of marketing.
What does commercial implications mean?
Commercial means "business trading"implications are "meanings", "effects" or "results"Therefore "commercial implications" areeffects on the business (usually financial).
