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Learning Objectives
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After reading this chapter you should be able to:

Define marketing and identify the requirements for marketing to occur.

Explain how marketing discovers and satisfiesconsumer needs.

Distinguish between marketing mix elements and environmental factors.

Explain how organizations build strong customer relationships and customer value through marketing.

Describe how today's customer era differs from prior eras oriented to production and selling.

Explain how marketing creates utilities for consumers.







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