The Marketing Concept Is a Philosophy That States That an Organisation

question 67

Multiple Choice

The marketing concept is a philosophy that states that an organisation should try to satisfy customers' needs and:

• A)increase market share.
• B)increase sales.
• C)achieve the organisation's goals.
• D)produce high-quality products.
• E)coordinate its activities to increase production.

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Definitions:

Neutral Third Party

An impartial individual or entity involved in a negotiation or conflict resolution who does not favor any side involved in the dispute.

Negotiation

A dialogue between parties intended to reach a beneficial outcome over a conflict, disagreement, or deal.

Arbitrations

A method of resolving disputes outside the courts, where the parties involved present their case to a neutral third party for a decision.

Trials

Formal judicial proceedings where disputes are resolved and judgments are made based on evidence presented.