PRC-3 · Chapter 7 · Question 1 of 72
The fundamental concept of modern marketing is that an organization should:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Focus on identifying and profitably satisfying the needs and wants of consumers
Explanation
The marketing concept asserts that a firm must analyze the needs of its target market and deliver the desired satisfactions more effectively and efficiently than competitors do.
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