MANAGEMENT

Detailed explanation-1: -The Marketing Concept . Marketing starts with determining consumer wants and ends with the satisfaction of those wants. It sees all marketing activities from the point of view of the consumer.

Detailed explanation-2: -Modem marketing begins with the consumers and ends with the consumers. Marketing research starts at this stage. ADVERTISEMENTS: Through market research, information of current consumer needs can be known.

Detailed explanation-3: -Today, many firms have adopted the marketing concept. The marketing concept involves identifying consumer needs and wants and then producing products (which can be goods, services, or ideas) that will satisfy them while making a profit.

Detailed explanation-4: -Relationship marketing is a strategy that focuses on forging long-term partnerships with customers. Companies build relationships with customers by offering value and providing customer satisfaction.

Detailed explanation-5: -Quick definition: Consumer marketing is selling goods or services to individuals for their personal use and promoting these goods and services through various marketing strategies, including using consumer data for personalized experiences.