Define the marketing concept in your own words, and then explain why the notion of profit is usually included in this definition.
Answer to relevant QuestionsDefine the marketing concept in your own words, and then suggest how acceptance of this concept might affect the organization and operation of your college. Discuss how the micro-macro dilemma relates to each of the following products: high powered engines in cars, nuclear power, bank credit cards, and pesticides that improve farm production. Distinguish between how economic decisions are made in a command economy and how they are made in a market directed economy. Outline a marketing strategy for each of the following new products: (a) A radically new design for a toothbrush. (b) A new fishing reel. (c) A new wonder drug. (d) A new industrial stapling machine. Give an example of a foreign-made product (other than an automobile) that you personally have purchased. Give some reasons why you purchased that product. Do you think that there was a good opportunity for a domestic firm to ...
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