Abstract Marketing as a discipline has evolved from a traditional sales-driven approach to a scientifically structured and strategically administered function within organizations. Marketing scientific organization and administration involve the systematic …
Economics
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Definition of Marketing: A Multi-Perspective Approach Marketing is a broad and evolving discipline that encompasses various activities, strategies, and principles aimed at creating, communicating, and delivering value to consumers and …
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Abstract Market orientation is a business philosophy and organizational culture that emphasizes understanding and responding to customer needs, preferences, and market dynamics. This approach fosters long-term customer satisfaction and competitive …
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In economics, understanding how a monopolist maximizes profit provides critical insights into market dynamics and pricing strategies. A monopolist is a single seller in a market with no close substitutes …
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Abstract Intra-company interoperability refers to the seamless integration and collaboration between departments, systems, and processes within an organization. In the context of marketing, effective interoperability can significantly enhance efficiency, alignment, …
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Economics
Understanding Buyer’s Market, Seller’s Market, Mature Consumers, and Their Implications in Marketing
Abstract The dynamics of markets are influenced by the interplay between supply and demand, shaping conditions into either a buyer’s market or a seller’s market. Concurrently, the evolving demographics, particularly …
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Abstract The internationalization of national markets is a defining feature of the global economy, driven by advances in technology, trade liberalization, and multinational business strategies. This phenomenon has intensified competition, …
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Abstract Marketing is a cornerstone of modern business operations, serving as the bridge between organizations and their customers. It encompasses a wide range of activities and strategies aimed at identifying, …
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In marketing, a transaction is a fundamental concept that involves the exchange of value between a buyer and a seller. For a transaction to occur, certain conditions or requirements must …
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Marketing and Corporate Social Responsibility (CSR) are closely related concepts that, when combined, create value not only for businesses but also for society. By integrating CSR into marketing strategies, companies …