What is Marketing Concept?



Marketing Concept

The marketing management philosophy that achieving organizational goals depends on knowing the needs and wants of target markets and delivering the desired satisfactions better that competitors do.
Starting point
Focus
Means
Ends
Market
Customer needs
Integrated marketing
Profits through customer satisfaction

 
The marketing concept holds that achieving organizational goals depends on knowing the needs and wants of target markets and delivering the desired satisfactions better than competitors do. Under the marketing concept, customer focus and value are the paths to sales and profits. Instead of a product-centered "make and sell" philosophy, the marketing concept is a customer-centered "sense and respond" philosophy. It views marketing not as "hunting," but as "gardening." The job is not to find the right customers for your product, but to find the right products for your customers.


Copyright © STUDY FOR BUSINESS - Blogger Theme by Logics IT & Technology