How marketing precedes and follows production? Explain with example
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Answer:
It starts with consumers and ends with consumers by satisfying their needs. Marketing is the most important function of management • The long term objective of marketing is profit maximization through customer satisfaction.
Explanation:
Five orientations philosophical concepts to the marketplace have guided and continue to guide organizational activities:
1. The Production Concept
2. The Product Concept
3. The Selling Concept
4. The Marketing Concept
5. The Societal Marketing Concept
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Answer:
it starts with consumers
Explanation:
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