Asked by Suraksha Lamichhane on Jun 02, 2024

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Carter sells consumer electronics. He knows his customers weigh the costs versus the benefits associated with the different options available. He decides which products to offer and what prices to charge based on the way his customers think. Carter operates as if he were in the ________ era.

A) production-oriented
B) sales-oriented
C) market-oriented
D) value-based marketing
E) retailing-oriented

Value-based Marketing

A marketing strategy focused on providing products or services that offer superior value to customers, aligning with their values and needs for lasting relationships.

Market-oriented

A business approach focusing on understanding and meeting the desires and needs of its customers through its product mix.

Sales-oriented

Pertains to a business approach focused primarily on sales volume as the chief measure of success, often at the expense of customer satisfaction or product quality.

  • Familiarize yourself with the distinguishing features and core emphasis of assorted marketing ages, such as production, sales, market, and value-based marketing orientations.
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Caroline CapaprisJun 04, 2024
Final Answer :
D
Explanation :
Carter's approach of deciding which products to offer and what prices to charge based on customer perceptions of value and their cost-benefit analysis aligns with the principles of value-based marketing. This era focuses on creating more value for customers than the competitors and using that value as the key selling point and pricing basis.