MANAGEMENT

Detailed explanation-1: -It helps to establish linkages between the business, accelerating economic activity, leading to higher incomes, more consumption, increased savings and investment.

Detailed explanation-2: -The marketing concept is the use of marketing data to focus on the needs and wants of customers in order to develop marketing strategies that not only satisfy the needs of the customers but also the accomplish the goals of the organization.

Detailed explanation-3: -The marketing concept rests on four pillars: target market, customer needs, integrated marketing and profitability.

Detailed explanation-4: -Relationship Marketing is a long-term strategy to build a lasting relationship with your existing customers, to build brand loyalty, and encourage repeat business. It usually focuses on maximizing the value of customer relationship rather than advertising a product or service.