Sam is a brand manager for a manufacturer of consumer package goods. Part of his job entails launching new products into the marketplace. Before he launches a new product, however, Sam's department conducts extensive research to identify the needs and wants of the customer, rather than finding ways to sell products that may or may not meet customers' needs. Which key concept of marketing is Sam implementing?
A) exchange
B) branding
C) added value
D) marketing concept
E) product concept
Correct Answer:
Verified
Q52: An ad in a professional journal targeted
Q107: Diane is a repeat buyer of Dove
Q108: Amco,Inc.manufactures small electronic components that become integral
Q109: Peter purchased an inexpensive necklace from a
Q113: Explain the marketing concept and discuss how
Q115: Procter & Gamble has sales of almost
Q115: During the 2003 World Cup,which was held
Q122: Retailers and wholesalers who have created their
Q124: Describe the evolution of Procter & Gamble's
Q128: Which of the following product offerings is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents