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Marketing Concept Definition and Explanation PDF Download

Learn Marketing Concept definition with explanation to study “What is Marketing Concept”. Study marketing concept explanation with marketing terms to review marketing course for online MBA programs.

Marketing Concept Definitions:

  1. A philosophy that holds that achieving organizational goals depends on knowing the needs and wants of target markets and delivering the desired satisfactions better than competitors do.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



  2. It is to find not the right customers for your products, but the right products for your customers.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



Marketing Concept Explanation:

This idea holds that the association's undertaking is to decide the requirements, needs, and premiums of objective markets and to convey the ideal fulfillments more viably and proficiently than contenders (this is the first Marketing Concept). Moreover, it holds that this all must be done such that jelly or improves the shopper's and the general public's prosperity.

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