MANAGEMENT

Detailed explanation-1: -Customer-oriented and coordinated marketing aims to achieve its profit, objectives and goals. These goals and objectives hinge on the increase in sales volume and customer’s patronage.

Detailed explanation-2: -Customer orientation is a business approach that puts the needs of the customer over the needs of the business. Customer-oriented companies understand that the business won’t thrive unless it consistently improves customer focus. It’s a way of thinking that aligns your business goals with your customers’ goals.

Detailed explanation-3: -There are various types of marketing objectives, but the four main types are profitability+ objective, market share objective, promotional objective, and growth objective.

Detailed explanation-4: -This is what promotion does: It is the process of communicating value to customers in a way that encourages them to purchase the good or service. Promotions must have a goal, a budget, a strategy, and an outcome to measure.