Question: What is the first step for marketers in implementing the marketing concept? a . Develop a feedback system so customers can describe their thoughts about

What is the first step for marketers in implementing the marketing concept?
a. Develop a feedback system so customers can describe their thoughts about a product
b. Modify existing products to meet customer needs more effectively
c. Modify a communication system that allows information to be disseminated throughout the organization
d. Engage in personal selling or advertising to promote products that customers desire
e. Establish an information system to discover customers' real needs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

What is the first step for marketers in implementing the marketing concept? a . Engage in personal selling or advertising to promote products that customers desire b . Develop a feedback system so...

Q:

Could the Clubcard concept be expanded to better use the rich mine of information Tesco has about where, when and what customers buy? Keeping ethical concerns in mind, how could the Clubcard program...

Q:

The presentations, of work-in-progress on the major assignments, will occur during the tutorials in Weeks 8 and 9. The presentations are worth 5% of the total assignment. The presentations will be on...

Q:

What is the first step for marketers in implementing the marketing concept? Engaging in personal selling or advertising to promote products that customers desire Implementing relationship marketing...

Q:

ISFM-300 Case Study, Stage 2: Business Process Analysis and Functional Requirements Before you begin this assignment, be sure you: 1. Have completed all previously assigned readings, particularly...

Q:

i want Format for case memos The memo should cover three important areas 1: The main problem the company/decision maker is facing (this is the most important step of the memo). This is your view of...

Q:

Assignment Question 1. Write the Abstract of the above project 2. Write ACKNOWLEDGEMENT of the above project 3. Write the Purpose of study of above project. CUSTOMER RELATIONSHIP MANAGEMENT Customer...

Q:

UMUC Haircuts Appointment Process Individual Needs Appointment for Hair Styling Calls UMUC Haircuts and requests appointment Drives to UMUC Haircuts 1 Employee greets customer and asks customer last...

Q:

It is the holiday season.Marketing budgets are being spent heavily to attract your attention to entice you to buy products.Chapter 11, specifically pages 357-359, lists and discusses 5 types of...

Q:

Please discuss the case From OEM supplier to A Global Leading Company and based on it, discuss the following: What does it take to build a cross-cultural team? What are the challenges facing managers...

Q:

Review the section of the chapter titled, The Private Solution for negative externalities. Suppose that the truck driver gains $12 by using the shortcut, and the harm to the resident is $7. a. Is it...

Q:

An essential part of the auditor's responsibility in auditing cash receipts is to identify deficiencies in internal control that increase the likelihood of fraud. Identify three audit procedures in...

Q:

A bond pays annual interest. Its coupon rate is 7 . 0 % . Its value at maturity is $ 1 , 0 0 0 . It matures in 4 years. Its yield to maturity is currently 4 . 0 % . The duration of this bond is pears.

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...