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Which one of the following statements by a company chairman best reflects the marketing concept?
- a)We believe that the marketing department must organise to sell what we produce
- b)We try to produce only high quality, technically efficient products
- c)We try to encourage company growth
- d)We have organised our business to make certain that we satisfy customer needs
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Which one of the following statements by a company chairman best refle...
The marketing concept is a business philosophy that places the customer at the center of the company's decision-making process. It involves identifying and satisfying customer needs and wants in order to achieve business success. The statement that best reflects the marketing concept by a company chairman is:
D) We have organized our business to make certain that we satisfy customer needs.
Explanation:
Heading: The Marketing Concept
HTML Bold Tag: The statement that best reflects the marketing concept
Bullet Points:
- The marketing concept is a business philosophy that focuses on meeting customer needs and wants.
- It involves understanding and anticipating customer needs and then creating products and services that satisfy those needs.
- The goal is to build long-term customer relationships and achieve business success through customer satisfaction.
- The statement that best reflects the marketing concept is "We have organized our business to make certain that we satisfy customer needs."
- This statement shows that the company is customer-focused and has structured its business operations around meeting customer needs.
- By doing so, the company is more likely to build strong customer relationships and achieve long-term business success.
Conclusion:
In conclusion, the marketing concept is a customer-focused business philosophy that is essential for achieving long-term success. The statement that best reflects this concept is one that shows a commitment to meeting customer needs and creating customer value. By organizing their business to satisfy customer needs, companies can build strong customer relationships and achieve business success.
D) We have organized our business to make certain that we satisfy customer needs.
Explanation:
Heading: The Marketing Concept
HTML Bold Tag: The statement that best reflects the marketing concept
Bullet Points:
- The marketing concept is a business philosophy that focuses on meeting customer needs and wants.
- It involves understanding and anticipating customer needs and then creating products and services that satisfy those needs.
- The goal is to build long-term customer relationships and achieve business success through customer satisfaction.
- The statement that best reflects the marketing concept is "We have organized our business to make certain that we satisfy customer needs."
- This statement shows that the company is customer-focused and has structured its business operations around meeting customer needs.
- By doing so, the company is more likely to build strong customer relationships and achieve long-term business success.
Conclusion:
In conclusion, the marketing concept is a customer-focused business philosophy that is essential for achieving long-term success. The statement that best reflects this concept is one that shows a commitment to meeting customer needs and creating customer value. By organizing their business to satisfy customer needs, companies can build strong customer relationships and achieve business success.
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Community Answer
Which one of the following statements by a company chairman best refle...
Answer D is correct. Because a company or (organisation) always focus on customer needs and try to satisfied the customer.
Answer B is not correct. Because if we produce only high quality or technical efficient product. Then we never be reach whole the market. If we cover whole market then we produce those type of goods which are purchase by all level like Rich middle and lower also.
Answer C is not correct. Because in marketing concept we can't focus on growth. Marketing concept is the philosophy that firm should analyze the need of their customer and then make decision to satisfy those needs, better then the competition. So, we says that answer C is wrong.
Answer A is not correct.
Answer B is not correct. Because if we produce only high quality or technical efficient product. Then we never be reach whole the market. If we cover whole market then we produce those type of goods which are purchase by all level like Rich middle and lower also.
Answer C is not correct. Because in marketing concept we can't focus on growth. Marketing concept is the philosophy that firm should analyze the need of their customer and then make decision to satisfy those needs, better then the competition. So, we says that answer C is wrong.
Answer A is not correct.
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Which one of the following statements by a company chairman best reflects the marketing concept?a)We believe that the marketing department must organise to sell what we produceb)We try to produce only high quality, technically efficient productsc)We try to encourage company growthd)We have organised our business to make certain that we satisfy customer needsCorrect answer is option 'D'. Can you explain this answer?
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Which one of the following statements by a company chairman best reflects the marketing concept?a)We believe that the marketing department must organise to sell what we produceb)We try to produce only high quality, technically efficient productsc)We try to encourage company growthd)We have organised our business to make certain that we satisfy customer needsCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which one of the following statements by a company chairman best reflects the marketing concept?a)We believe that the marketing department must organise to sell what we produceb)We try to produce only high quality, technically efficient productsc)We try to encourage company growthd)We have organised our business to make certain that we satisfy customer needsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following statements by a company chairman best reflects the marketing concept?a)We believe that the marketing department must organise to sell what we produceb)We try to produce only high quality, technically efficient productsc)We try to encourage company growthd)We have organised our business to make certain that we satisfy customer needsCorrect answer is option 'D'. Can you explain this answer?.
Which one of the following statements by a company chairman best reflects the marketing concept?a)We believe that the marketing department must organise to sell what we produceb)We try to produce only high quality, technically efficient productsc)We try to encourage company growthd)We have organised our business to make certain that we satisfy customer needsCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which one of the following statements by a company chairman best reflects the marketing concept?a)We believe that the marketing department must organise to sell what we produceb)We try to produce only high quality, technically efficient productsc)We try to encourage company growthd)We have organised our business to make certain that we satisfy customer needsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following statements by a company chairman best reflects the marketing concept?a)We believe that the marketing department must organise to sell what we produceb)We try to produce only high quality, technically efficient productsc)We try to encourage company growthd)We have organised our business to make certain that we satisfy customer needsCorrect answer is option 'D'. Can you explain this answer?.
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