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Ksenya-84 [330]
3 years ago
12

Probably the most critical 'premise' of the marketing concept is that the firms should focus on identifying and satisfying custo

mers' needs i.e. the customer should be 'central' to everything the firm does.
True or False?
Business
1 answer:
faust18 [17]3 years ago
3 0

The statement, "Probably the most critical 'premise' of the marketing concept is that the firms should focus on identifying and satisfying customers' needs i.e. the customer should be 'central' to everything the firm does" is true.

<u>Explanation:</u>

First of all, simply putting the customers first means a company places a customer requirements and desires above all else. Such an organisation aims to develop healthy contacts with its clients by recognising their interests and supplying its customers with either the best possible experiences.

Demand input from their consumers at any point in the project to determine the requirements of their clients.  

For example, through market research, going to listen to your clients or social media or researching keywords, you can detect customer requirements in a wide range of ways.

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Discuss the unique marketing characteristics a product or service required based on the specific phase of the product life cycle
laiz [17]

Answer: The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.

Explanation:

The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.

Introduction; This is viewed as an entry level into the market. Where the goods begin to gain a little recognition

Growth; this is described as a movement from introduction to a fast or slow consistent rapid growth of the product in the market.

Maturity; is described as the growth from the growth category, where the product gain some market stability and is now known by the public.

Decline; is the stage of slow and loss of recognition in the market space which could be caused by lack of creativity or consistency drop

While some products may stay in a prolonged maturity state, all products eventually phase out of the market due to several factors including saturation, increased competition, decreased demand and dropping sales

5 0
2 years ago
Machinery purchased for $150,000 by Tom Brady Co. in 2010 was originally estimated to have a life of 12 years with a salvage val
Phoenix [80]

Answer:

$7,312.50

Explanation:

The computation of the depreciation expense for 2017 is shown below:

Book Value is

= Cost - Accumulated Depreciation

= $150,000 - {[($150,000 - $24,000) ÷ 12 ] × 7y}

= $150,000 - [($126,000 ÷ 12 ) × 7]

= $150,000 - ($10,500 × 7)

= $150,000 - $73,500

= $76,500

Now the depreciation expense for 2017 :

= ($76,500 - $18,000) ÷ (15 - 7) years

= $58,500 ÷ 8 years

= $7,312.50

5 0
2 years ago
Raul, a salesperson for the lovely landscapes landscaping company, is working with a longtime customer who is interested in eith
Alik [6]
The answer is contingency design. It is the sum incorporated into a development spending plan to take care of extra expenses for conceivable outline changes. The measure of possibility fluctuates with the phases of outline. As the plan is finished, the possibility ought to be diminished to almost zero for most school ventures.
7 0
3 years ago
Luigi minimized the stress of testing positive for HIV by viewing this circumstance as an opportunity for a renewed religious co
marissa [1.9K]

His reaction best illustrates the importance of <u>stress appraisal</u>.

<u>Explanation</u>:

Stress appraisal explains how the individuals handle and cope with the stressful event. The individuals are monitored and evaluated on how they handle the situation or event. The reaction of the people may differ on how they understand the happening.

The person undergoing stress may be emotional and the outcomes of the person depend on the level of the stress he/she is undergoing. The person with stress may feel tensed, angry and frustrated.

3 0
2 years ago
Read 2 more answers
In the price range where demand is inelastic, a decrease in price will result in a decrease in total revenue. True or False?
Kamila [148]
The answer is True
Explanation: N/A
5 0
3 years ago
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