GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The customer focused philosophy is known as the ____ concept.
A
Production
B
Product
C
Selling
D
Marketing
Explanation: 

Detailed explanation-1: -That’s called product positioning. The Concept. Being customer-oriented is a business philosophy that turns a company’s organization chart on its head, putting the customer at the top, as the “boss", and the executive team on the line below.

Detailed explanation-2: -Consumer focused marketing is more or less a study in psychology to thoroughly understand what a consumer does in their buying habits. The insights usually found from this marketing process are much more personal than some of the previous methods, including creating character personas.

Detailed explanation-3: -What is the philosophy of marketing? Philosophy of marketing is defined as a strategy in which we focus exclusively on the needs of the customer in order to maintain the profitability of the company. Everything that is not related to the target audience will be relegated to the background.

Detailed explanation-4: -The marketing concept and philosophy states that the organization should strive to satisfy its customers’ wants and needs while meeting the organization’s goals. The best way to meet the organization’s goals is also by meeting customer needs and wants.

Detailed explanation-5: -Customer-Focused Marketing It seeks to develop relationships with them, showing that the business understands their needs, desires, and concerns. A business’s goal is to delight customers with an experience that sets the company apart from others via high levels of excellent customer service.

There is 1 question to complete.