Differential between old and new concept of the marketing, Marketing Management

Assignment Help:

Differential between old and new concept of the marketing

Basic of difference

Old concept of the marketing

New concept of the marketing

Orientation

This concept is product oriented.

This concept is consumer oriented.

Contribution in standard of living

This concept is not related with the standard of living of society.

According to this concept, market is the creation and delivery of standard of living to the society

Target

The target of this concept is to earn with the standard maximum profit by maximizing the sales.

The object of this concept is to maximize the profit through satisfaction of consumer needs.

Starting

According to this concept, marketing starts only after the goals have been produced.

According to this concept, marketing starts with the discovery of consumer needs.

Satisfaction of consumer needs and wants

The concept does not consider the needs and wants of consumers

According to this concept, every business activity clusters around the needs and wants of consumers.

End

 

According to this concept, marketing ends with the physical distribution of goods and services.

According to this concept, marketing ends with the satisfaction of consumers needs.

 

Marketing research

It does not provide for marketing research

It stresses upon intensive marketing research

Allied activities of marketing

This concept does not consider any research

According to this concept, allied activities of marketing to be its important part.


Related Discussions:- Differential between old and new concept of the marketing

Design a performance evaluation report, The purchasing department of Bradle...

The purchasing department of Bradley Inc. is responsible for companywide purchasing. Its total costs are assigned to each division based on the number of purchase orders the purcha

What is operational crm?, Operational CRM technique is the element of Custo...

Operational CRM technique is the element of Customer Relationship Management that handles the actual interactions with customers, characteristically in the form of call centers, bl

Algebra.., x + 3y + z = 10 2x + y - z = 1 3x - 2y - 8z = -3

x + 3y + z = 10 2x + y - z = 1 3x - 2y - 8z = -3

Hypothesis and market strategy , As this course progresses collect examples...

As this course progresses collect examples of promotional materials and advertising from various health related organizations.  You can select various media forms but be sure to in

Factors affecting the life cycle of a product, Factors affecting the life c...

Factors affecting the life cycle of a product: there are many factors that affect the life cycle of a product. Statement of Joe Dean is very important in this regard. He said, "th

What is understand by extended marketing mix, Question 1: a) What is m...

Question 1: a) What is meant by Customer Relationship Management (CRM)? b) Nestlé's products include baby food, bottled water, breakfast cereals, coffee, confectionery, da

International developments in human resource environment, Define the intern...

Define the international developments in human resource environment structure. International developments: Global Competition: Companies competing upon global basis

Who is part of this buying decision, Who is part of buying decision? W...

Who is part of buying decision? When purchasing a decision of buying goods is created by just one person in place of most organization who works within it but they can contrib

Concept development and testing - new product development, Concept Developm...

Concept Development and Testing The third stage in the procedure is concept development and testing. Concepts can take on several forms are following: 1). A product idea is

Major factors influencing buying behaviour - social factors, Social factors...

Social factors: in addition to cultural factors, a consumer's behaviour is influenced by such social factors as reference groups, family, and social roles and statues. Referen

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd