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👑 2018 JUNE/JULY NECO MARKETING ANSWERS👑
100% VERIFIED MARKETING OBJ ANSWERS
100% VERIFIED MARKETING THEORY ANSWERS
Marketing concept is a marketing philosophy which sees the consumer or client as the central focus of all the activities of an organisation because no organisation can survive without the continued patronage of its consumer
(i)Production concept:-The production concept is the idea that a firm should focus on in relation to those products that it could produce most efficiently and that the creation of a supply of low – cost products would in and of itself create the demand for the product
(ii)Social Marketing Concept:-Social marketing concept embodies a higher and more enlightened plane of marketing thought and practice. The concept has an emphasis on social responsibility and suggest that for a company to only focus on exchange relationship with customers might not be in order to sustain long term success
(iii)Consumer Orientation approach:-
Modern marketing concept is a concept that embraces understanding that marketing activities is consumer – oriented. This concept is very popular because the marketing activities of this concept is built on assumptions and application of thought like “More customers know what they need”.
(iv)Integrated Organization effort:-While an organization becomes larger and more complex, they tend to break functions into smaller units by assigning a group of staff to specialize in these activities. This allows the organization to manage the complexity of the organization. But with time, no decision maker can take good decisions with isolated information that they get from the information of the individual departments.
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