A market-driven production model is different from production-driven model vastly because it is a. Manufacturer-focus b. Customer-focus c. Supplier-focus d. Vendor-focus
A market-driven production model is different from production-driven model vastly because it is a. Manufacturer-focus b. Customer-focus c. Supplier-focus d. Vendor-focus
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Question
A market-driven production model is different from production-driven model vastly because it is
a. Manufacturer-focus
b. Customer-focus
c. Supplier-focus
d. Vendor-focus
Expert Solution
Introduction
Market- A market is an arrangement where 2 or more people trade products, services, and data. A market is preferably a location where two or more individuals engage in selling and purchasing. In essence, it acts as an intermediary for these financial transactions. A service or good is sold by one party (the seller) to another for financial gain. The majority of the time, there are multiple buyers and sellers in the marketplace.
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