What is the concepts of marketing?
The concept of marketing is a broad term that includes various approaches or strategies utilized to promote a product or service
These concepts sere as fundamental principles guiding the marketing process. They form the basis for developing strategies and tactics to achieve marketing goals.
The concept are categorized into 5 parts.
The production concept
The product concept
The selling concept
The marketing concept and
The societal concept
1.The Production Concept
The production concept revolves around the notion that consumers prefer products and services that are readily available and affordable, this is similar to mass production practices. Marketing efforts aligned with this concept aim to streamline production processes, minimize costs, and facilitate scalable production.
2. The Product Concept
The product concept highlights the importance of product quality, features, and benefits in consumer decision-making.
Consumers who prioritize products are drawn to innovation and uniqueness rather than solely focusing on price.
3. The Selling Concept
The selling concept asserts that consumers may not naturally buy a sufficient quantity of a product or service. Rooted in the belief that customers need to be actively persuaded to purchase . Marketing strategies aligned with this concept emphasize persistent and widespread advertising efforts aimed at overcoming consumer resistance and driving purchases.
4. The Marketing Concept
This approach emphasizes solving customer problems as the foundation for building a sustainable business. In contrast to the selling concept’s focus on company desires, the marketing concept places importance on understanding and addressing customer needs.
Discussions within marketing communities often emphasize the significance of customer-centric strategies.
5. The Societal Marketing
The societal marketing concept represents an evolving approach to marketing strategy. It underscores the importance of meeting customer needs while ensuring ethical practices and minimize any form of harm. This concept provides solutions to customer problems in a socially responsible and ethical manner.
- Why you Should Consider Digital Marketing in 2024 - April 30, 2024
- What is the Different between Copywriting and Content writing - April 30, 2024
- Fuel Scarcity hits Harder in Abuja - April 29, 2024
No Comment! Be the first one.