The essence of marketing concepts is that all company planning, operations and other activities should be?
Answer Details
The essence of marketing concepts is that all company planning, operations, and other activities should be consumer-oriented. This means that the focus of the company's activities is on identifying and satisfying the needs and wants of the consumers. The marketing concept emphasizes that companies should strive to understand their target consumers, their preferences, and their behaviors, in order to develop products and services that meet their needs and provide them with value. By adopting a consumer-oriented approach, companies can better position themselves in the market, build stronger relationships with their customers, and achieve long-term success. In contrast, a product-oriented approach focuses on the company's internal strengths and resources, and assumes that consumers will automatically be interested in the products that the company develops. However, this approach may result in products that are not well-suited to the needs and wants of the consumers, which can lead to decreased sales and profits.