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Use the figures in the table below to answer the following questions. (a) What is the value of M1?
(b) What is the value of M2?
(c) What is the value of M2+?
(d) What is the value of M2++?
Societal Marketing Concept
A marketing approach that considers not only the demands of consumers but also the interests of society as a whole by focusing on sustainability and ethical practices.
Social Responsibility
The obligation of companies to act in ways that benefit society at large, beyond their own interests or profit.
Sustainable Development
The practice of meeting present needs without compromising the ability of future generations to meet their own needs, typically focusing on environmental, economic, and social sustainability.
Marketing Concept
A business philosophy that focuses on identifying and meeting the needs and desires of its customers through its product mix.
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