The concept which focuses on consumers in decision-making is?

Assessment: JAMB UTME - Commerce - 2009 Subject: Commerce

Question 1 Report

The concept which focuses on consumers in decision-making is?
Answer Details
The concept which focuses on consumers in decision-making is the marketing concept. The marketing concept is a business philosophy that emphasizes identifying and satisfying the needs and wants of customers as the primary goal of a company. In other words, a company that adopts the marketing concept places the customer at the center of its decision-making processes. This involves conducting market research, developing products and services that meet the needs of customers, and promoting those products and services in a way that resonates with the target audience. The ultimate goal of the marketing concept is to create long-term, mutually beneficial relationships between the company and its customers.

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