Mktg 351 midterm 1 ch 1 7 - Study guides, Class notes & Summaries
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MKTG 351 MIDTERM 1 (CH 1-7) |78 QUESTIONS AND ANSWERS 2023|GUARANTEED SUCCESS
- Exam (elaborations) • 11 pages • 2023
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What is marketing? 
satisfying customer needs and wants 
 
 
 
What are the 4 philosophies of marketing? 
product, sales, market, and social marketing orientation 
 
 
 
4 marketing philosophies: Sales Orientation 
focuses on the the capabilities of sales people to push product 
 
 
 
4 marketing philosophies: Market orientation 
focuses on the needs and wants of the customer 
 
 
 
4 Marketing Philosophies: Societal Marketing Orientation 
Focuses on needs and wants of customer and society 
 
 
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