What Are the other markets that have evolved over the time?
Answers
Answer:
The 1950s onwards became known as the Marketing era, as companies started to realise it was less about pushing the products they had made, but evaluating what people actually wanted them to sell. With this came much more choice of products and services than there had ever been, as companies began to do their research and sell a variety of products to suit the changing markets, something that is still a core value of marketing today.
By the 1990s companies were totally on board with the ‘customer comes 1st’ concept that the Marketing era brought, and thus came the Relationship Marketing era. From the 90s onwards it became all about viewing the customer as an individual, rather than considering the market as a whole, and it became more about gaining return customer and building good relationships with customers than simply gaining a sale then moving on to the next. Inevitably it was found that customer loyalty drives future sales not only from their own repeat custom but from their recommendations to family, friends, colleagues, etc.
Explanation: