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Preferred term

marketing concept  

Definition

  • The marketing concept is a managerial philosophy that says marketing begins by identifying consumer needs and wants and then, through a series of coordinated activities, satisfies those needs and wants better than competitors while achieving organizational goals; i.e., a consumer orientation, integrated marketing activities, and organizational objectives are the key components of this market-driven philosophy. [Source: Dictionary of Marketing Communications; Marketing Concept]

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https://concepts.sagepub.com/social-science/concept/marketing_concept

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