"A marketing policy is a statement of a course of
action which will be followed under a given set of
circumstances." Who said it?
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Answer:
Nutan
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William J. Stanton said that "A marketing policy is a statement of a course of action which will be followed under a given set of circumstances."
- The notion of marketing is neither complex nor novel. 'The customer is always right,' has been a popular saying since the Industrial Revolution.
- Marketing recognizes consumer sovereignty, which has now become a management discipline.
- Marketing as a management discipline began in the 1950s in the United States, but its roots stretch back far deeper.
- Although America was the home of modern marketing, its early applications occurred in Europe.
- Marketing, as an organizational theory and practice, is relevant to practically all sorts of organizations, whether for profit or not-for-profit purposes.
- William J. Stanton, an American politician also served the same concept in his book 'The fundamentals of marketing'.
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