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Management · Q266

Marketing

Graduate and Post Graduate · Management · question 266

Q266

According to the simple five-step model of the marketing process, a company needs to . . . . . . . . before designing a customer-driven marketing strategy.

A.
Determine how to deliver superior value
B.
Understand the marketplace and customer needs and wants
Answer
C.
Construct key components of a marketing program
D.
Build profitable relationships with customers

Answer: Option B

Solution

Answer: Option B
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