Which of the Following Proposes That All the Functions of the Organization

question 65

Multiple Choice

Which of the following proposes that all the functions of the organization should work together in satisfying its customers' wants and needs?

• A) marketing concept
• B) consumer concept
• C) customer concept
• D) value concept

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Definitions:

Evolving Customer Demands

The changing needs and expectations of customers, often driven by innovations, technological advancements, and market trends.

Contemporary Organisations

Modern entities that are characterized by their adaptive strategies, innovative approaches, and responsiveness to changes.

Operating Environment

The external conditions and factors that affect an organization’s operations, including economic, regulatory, technological, and demographic influences.

Above-average Returns

Financial gains that exceed the benchmark or average returns in a given market or industry.