Marketing Concepts Explained. What are the Marketing Concepts. Applying the marketing concept also means knowing what the market needs and expects from the company thereby doing more market research.
Providing the right product to the right customer at the right place at the right time this is the modern-day marketing concept. The marketing concept is the philosophy that the firms follow after analysing the needs and wants of their customers and then try to make appropriate decisions to satisfy those needs better than the competitors. So from here the modern-day marketing concept was evolved Company started making a product based on the need of the customers.
The marketing concept demands that the strategic decisions made by the company are taken keeping the customer in mind.
MARKETING CONCEPTS A business professor was explaining ten 10 marketing concepts. Providing the right product to the right customer at the right place at the right time this is the modern-day marketing concept. Marry me - Thats Direct Marketing 2. You see a gorgeous girl at a party.
