Deprecated: Return type of AdvancedAds\Abstracts\Data::offsetGet($offset) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/erudites/web/erudites.ng/public_html/wp-content/plugins/advanced-ads/includes/abstracts/abstract-data.php on line 431
The Effective And Efficient Delivery Of The Desired Satisfaction By A Firm Is Said To Be The Practice Of? - Erudites Academy

The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of?

by | Dec 12 | Commerce JAMB | 0 comments

A. Product concept
B. Marketing concept
C. Distribution concept
D. Price concept

Correct Answer:

Option B – Marketing concept

Explanation

The marketing concept is the belief that companies must assess the needs of their consumers first and foremost. Based on those needs, companies can make decisions in order to satisfy their consumers’ needs, better than their competition.

Users Also Read These:

Copyright warnings! Do not copy.

Earn Your Degree In 3 Years Without Writing UTME. Click Here To Learn More.