Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marketing also creates value through the building of stakeholder relationships. Individuals and organizations engage in marketing to facilitate _ _ _ _ _ _ he

Marketing also creates value through the building of stakeholder relationships. Individuals and organizations engage in marketing to facilitate ______ he provision or transfer of goods, services, or ideas in return for something of value. For this to take place, four conditions must exist. First, two or more individuals, groups, or organizations must participate, and each must possess something of value that the other party desires. Second,it should provide a benefit or satisfaction to both parties involved. Third, each party must have confidence in the promise of the "something of value" held by the other. Finally, to build trust, the parties to the exchange must meet expectations.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Managerial Approach

Authors: Jack R. Meredith, Samuel J. Mantel,

7th Edition

470226218, 978-0470226216

More Books

Students also viewed these General Management questions