Examlex
Fayol's principle of the division of labour says that functions should be divided into areas of specialization such as production,marketing,and finance.
Need
A requirement or necessity for something essential or desired to achieve a particular outcome.
Want
A desire for something that may or may not be necessary for basic survival but is sought after for satisfaction or pleasure.
Marketing Sense
The instinct or ability to make effective decisions in marketing strategies, understanding customer needs, market trends, and how to appeal to target audiences.
Marketing Concept
A business philosophy suggesting that company success lies in understanding and meeting the needs of its consumers.
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Q204: Which of the following best describes the