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Kayesh Quddus
on Nov 01, 2024

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In the mid-20th century, an increasingly competitive economic environment led to a new approach to marketing in the business world reflecting a ______ mind-set.

A) sales
B) product
C) services
D) competitive

Competitive Economic Environment

Refers to a market scenario where multiple businesses are vying for the same customer base, leading to innovations, better pricing, and quality of products or services.

Marketing

The action or business of promoting and selling products or services, including market research and advertising.

Business World

A term referring to the global commercial environment, encompassing all aspects of professional work, enterprises, and economic activities.

  • Recognize the importance of market orientation and customer focus in business strategy.
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Artadious ClarkNov 04, 2024
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