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According to the modern marketing concept, which of the following statements is true?

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Question

According to the modern marketing concept, which of the following statements is true?

Options

  • It refers to the group of people who do not have the ability but willingness to buy a particular product.

  • It refers to only the set of people who have the purchasing power to buy a particular product.

  • It refers to the set of actual and potential buyers for a product.

  • It refers only to the people who show interest in a particular product.

MCQ
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Solution

It refers to the set of actual and potential buyers for a product.

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