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Firms such as General Electric and Marriott have achieved great success by putting huge effort into implementing the marketing concept, giving their firms what has been called
Industry
The sector of an economy involved in the production of goods and services.
Inferiority
A feeling of lower standing in relation to others, which can affect an individual's self-esteem and social interactions.
Competence
Refers to having the necessary ability, knowledge, or skill to perform a task successfully.
Self-Worth
An individual's subjective valuation of themselves, encompassing self-esteem, self-respect, and a sense of personal value.
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