Which concept runs the risk of losing touch with customer needs and market realities?Societal marketing concept.Selling concept.Product concept.Production concept.
Question
Which concept runs the risk of losing touch with customer needs and market realities?Societal marketing concept.Selling concept.Product concept.Production concept.
Solution
The concept that runs the risk of losing touch with customer needs and market realities is the Product concept. This concept focuses on the product quality and innovation, assuming that customers will buy the products that are superior in performance, design, features, etc. However, this can lead to 'marketing myopia' where the company becomes too product-focused and ignores the changing needs, tastes, preferences of the customers and the realities of the market.
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