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Management · Q32

Marketing

Graduate and Post Graduate · Management · question 32

Q32

Four competing philosophies strongly influence the role of marketing and marketing activities within an organization. Which if the following is not a component of market orientation?

A.
Customer orientation
B.
Profitability orientation
Answer
C.
Marketing orientation
D.
Competitor orientation

Answer: Option B

Solution

Answer: Option B
Solution:
Profitability orientation is not a component of market orientation. A profit-oriented pricing strategy involves setting prices for your products that will guarantee you'll make money on each sale. You determine your cost for manufacturing each product, then add a percentage for profit.