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lawyer [7]
3 years ago
15

What are the five concepts of marketing and how do they affect consumers?

Social Studies
1 answer:
Leokris [45]3 years ago
8 0

Answer:

 

<u>Explanation: </u>

Five marketing concepts are very important and play a vital role in marketing:

<u>Product concept:</u> Consumer wants a product that is widely accepted and inexpensive. The product concepts are more operation.  

<u>Product:</u> Consumer favors products that have more quality.  

<u>Selling concepts:</u> Customer buys only those products that are selling by the company more aggressively.  

<u>Marketing concepts</u>: It focuses on needs and wants to target the market, delivering value better than competitors.  

<u>Societal marketing concepts</u>: Focus on needs/ target the market values/ delivering value than the competitors that preserve the society and person well being.

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