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What steps are involved when Implementing the marketing concept?
Foundations of Business (MindTap C...
Solutions
Foundations of Business (MindTap C...
What steps are involved when Implementing the marketing concept?
To determine: The steps involved when implementing the marketing concept.
Introduction: A market is characterized as the entirety of the considerable number of purchasers and dealers in the region or district under thought. The zone might be the earth, or nations, districts, states, or urban areas.
Explanation of Solution
The steps involved when implementing the marketing concept are as follows:
- A firm initially should get data about its current and prospective customers and their needs, and determine how its items may be enhanced and what assessments clients have about the firm and its marketing endeavours.
- The firm at that point must identify the particular needs and prospective customers toward which it will coordinate its marketing actions and assets...
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