Which strategic approach is consistent with the customer-focused marketing concept? Explain the concept

What will be an ideal response?


Customer driven approach is consistent with the customer-focused marketing concept. The concept believes that customers buy products for the benefits that the product features provide. This is a critical distinction in understanding how you and your organization can become customer oriented.

Business

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The statistically determined sample size is the net or final sample size?the sample remaining after eliminating potential respondents who do not qualify or who do not complete the interview

Indicate whether the statement is true or false

Business

Nubia’s organization provides group health insurance. The plan covers “major medical” costs for each employee in any given year that total more than $10,000. Her group health insurance is a ______.

A. fee-for-service plan B. health maintenance organization C. high-deductible health plan D. health savings account service

Business

An OLAP cube and an OLAP report are the same thing.

Answer the following statement true (T) or false (F)

Business

A seasonal index for a monthly series is about to be calculated on the basis of three years' accumulation of data. The three previous July values were 110, 135, and 130. The average over all months is 160

What is the approximate seasonal index for July?

Business