Asked by
Sathiya Priya
on Nov 06, 2024Verified
A market orientation requires organizations to:
A) make the products first and then try to persuade customers that they need them.
B) focus exclusively on sales to increase profits.
C) engage in price fixing activities with competitors.
D) gather and use customer information to help build long-term relationships with customers.
E) employ the product cannibalization strategy.
Market Orientation
A business approach focusing on identifying and meeting the needs and desires of consumers through the product's design, pricing, promotion, and distribution.
Customer Information
Data about customers, including personal details, preferences, and purchase history, used by businesses to tailor services and marketing efforts.
- Realize the necessity of market orientation and its principles for building long-term customer relationships.
Verified Answer
RH
Learning Objectives
- Realize the necessity of market orientation and its principles for building long-term customer relationships.
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