BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Produce a large amount of goods as quickly as possible to increase supply
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Use high-pressure sales tactics to increase profits for the business
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Focus all of efforts on satisfying the wants and needs of the customer
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Focus on selling through lots of advertising and large sales forces
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Detailed explanation-1: -By putting the customer at the centre of your marketing strategy, and navigating towards becoming a customer-centric business, you can differentiate your brand, drive growth, and create lifetime value from customers who love you beyond the products you sell.
Detailed explanation-2: -Which of the following statements most completely defines the term ‘marketing’? Marketing is the distribution of goods and services from the wholesaler to the retailer so that they are available when the customer wants them.
Detailed explanation-3: -Product mix, also known as product assortment or product portfolio, refers to the complete set of products and/or services offered by a firm.
Detailed explanation-4: -Market orientation is a strategic focus on identifying consumer needs and desires in order to define new products to be developed.