How Can The Business Incorporate The Marketing Concept

Question: Why should the business invest in marketing?

Answer:

Question: What are the different marketing activities that should be carried out?

Answer: When marketing you need to plan your strategy, price your product, promote your product, place your product where it can be easily found by customers. You must discover who the customers are, what they want, and communicate with them.

Question: Why is the marketing concept important?

Answer: The marketing concept is a philosophy for conducting business that is based on the belief that all business activities should be aimed toward satisfying customer wants and needs while achieving company goals. it ensures satisfaction for both customer and company.

Question: How can the business incorporate the marketing concept?

Answer: Businesses can incorporate the marketing concept by creating products that meet the needs of the customer and putting it at a price point where customers are willing to buy a product while the company still has decent profit margins.