To Implement the Marketing Concept, an Organization Must First Establish

question 100

True/False

To implement the marketing concept, an organization must first establish an information system to discover customers' real needs and then use the information to create products to satisfy those needs.

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Definitions:

Panacea

A universal remedy or solution to all diseases or problems.

Psychologically Addictive

The condition where a behavior or substance leads to a compulsive craving despite potential harmful consequences due to mental or emotional dependency.

High Status

A position of authority, respect, or prestige in a social hierarchy or organization.

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from experiences that are enjoyable or gratifying.