What will the adoption of the marketing concept improve?

Question

Quizplus · Accepted Answer

The adoption of the marketing concept will improve business performance as it emphasizes on customer needs and wants, creating customer value, and building long-term relationships with customers. This approach leads to increased customer satisfaction, loyalty, and retention, which ultimately drives revenue growth and profitability.

Answer: C
 While adoption of the marketing concept can indirectly contribute to market growth, it is not a direct outcome. Market growth depends on several external and internal factors, such as macroeconomic conditions, technological advancements, competitive landscape, and consumer behavior, among others.

Answer: D
 The adoption of the marketing concept may improve market attractiveness by enhancing customer perceptions of the brand, increasing brand awareness and recognition, and improving the overall reputation of the company. However, market attractiveness also depends on other external factors, such as market size, growth potential, regulatory environment, and competitive landscape.

What Will the Adoption of the Marketing Concept Improve