Which advantage is associated with the marketing concept?

Get ready for the Leaving Certificate Business Test. Prepare with flashcards and multiple choice questions complete with hints and explanations to help you succeed. Ace your exam now!

The advantage associated with the marketing concept relates closely to fulfilling customer needs and preferences, which ultimately leads to better customer satisfaction and loyalty. This focus on understanding consumers can result in a higher quality product that meets their expectations, thereby reducing the likelihood of returns and repairs. When businesses adopt the marketing concept, they prioritize gathering and analyzing customer feedback to refine their offerings.

Conversely, increased product complexity, decreased product visibility, and less extensive marketing research do not align with the core tenets of the marketing concept. Instead, the marketing concept advocates for clarity and accessibility in product offerings, as well as comprehensive market research to understand consumer behavior. Therefore, the alignment of the marketing concept with reduced returns and repairs is a clear indicator of its success in enhancing customer satisfaction.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy