Characterize the stages of development of market


1. Explain the distinction between the terms "market orientation" and "customer orientation."

2. How do we determine the relevant markets for a firm? What is the difference between a market and a sector of industry?

3. What are the problems associated with a product-based definition of the relevant markets?

4. Characterize the stages of development of market orientation.

5. What are the characteristic features of a customer-oriented firm?

6. Why can customers be described as a "vital resource" of a firm?

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Marketing Management: Characterize the stages of development of market
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