Asked by
michael quigley
on Nov 20, 2024Verified
At the beginning of the 20th century, companies like Ford Motor Company were more concerned with satisfying customer wants than product innovation.
Satisfying Customer Wants
The process of identifying and fulfilling the needs, desires, or preferences of customers through products or services.
Product Innovation
The development of new or significantly improved goods or services to meet consumer needs or open new markets.
- Understand the critical role of identifying consumer desires and necessities within the framework of marketing activities.
Verified Answer
SS
Learning Objectives
- Understand the critical role of identifying consumer desires and necessities within the framework of marketing activities.