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marketing concept states that success is achieved by identifying needs and wants of the target market satisfying them better than competitors. the three characteristics are:
i. customer satisfaction:- the firm should identify and define customers needs and wants as well as their expectations. All goods and services produced by the firm must satisfy the customers needs.
ii. total company effort:- all departments, functions and sections of the business must work together to meet the main objectives of the organization, i.e satisfying customer requirements.
iii. profit:- marketing concept assumes that profit can only be achieved when customers are satisfied. The customers are entitled to a reasonable product for a reasonable price, while the firm is also entitled to a reasonable profit for a reasonable product.
What else can I help you with?
How the elements of the marketing mix implemented?
How the elements of marketing mix are implemented
What elements should a marketing audit consider?
components of marketing audit
What are the elements of marketing mix for a service take restaurant as a service and define the elements of marketing mix for restaurant?
please help me to find the answer of this question
What are the elements of the marketing environment?
The marketing environment has seven important elements to it. These elements include; social and cultural factors, political factors, the condition of the economy, media, logistics, competition and technology.
What is the blending of marketing elements called?
business
Explain the concept of optimum marketing mix?
This Concept relates to the issue of dividing the marketing budget optimally over the elements of marketing mix
What are the main elements in the modern marketing system?
1-Suppliers 2-Company 3-Competitors 4-Market intermediaries 5-Consumers
What are the elements of marketing information system?
three
What are the element of marketing management?
The element of marketing management is anything that makes marketing yield the expected results. Some common elements marketing include price, product, place and so on.
All elements of marketing mix must synchronise with the company's positioning.- explain?
The four elements of the marketing mix are price, promotion, product, and place. All of them must be geared toward the target market.
How do you think the elements marketing mix differ in terms of services?
well in case of services there are three additional elements which are- process, physical environment and people. So there are 7 ps in case of marketing mix of services.
What are the key elements of an effective digital marketing strategy?
The key elements of an effective digital marketing strategy are: Clear Goals Target Audience Content Strategy SEO Paid Advertising Social Media Email Marketing Analytics Mobile Optimization Continuous Improvement Click this link to uncover the secrets of effective digital marketing and transform your online presence!
