Customization of Product Has a ______________________ Orientation (Increase Customer Satisfaction

question 99

Multiple Choice

Customization of product has a ______________________ orientation (increase customer satisfaction by adapting products to the local needs) .

• A) market-driven
• B) service-driven
• C) budget-driven
• D) promotion-driven
• E) product-driven

Understand the importance of place within the marketing mix and its impact on accessibility.

Learn the significance and process of branding in differentiating products and services.

Understand the importance of positioning and its effect on customer perception.

Recognize the role of price in the marketing mix and its relationship with perceived value and market demand.

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Definitions:

Firm Performance

Measures how well a company achieves its business objectives and financial goals.

Political Connections

Relationships or affiliations between organizations or individuals and political figures or institutions, which may influence the organization's outcomes.

Firm Size

A measure of a company's scale or magnitude, often assessed by metrics such as number of employees, total sales, or market share.

Fraud

Intentional deception or misrepresentation made by a person or entity to gain an unfair advantage or to harm another party.