MARKET ORIENTATION


Meaning of MARKET ORIENTATION in English

the idea that a sale does depend on a customer's decision to purchase a product but not on an aggressive sales force. The key issues include:

creating customer value ;

maintaining customer satisfaction ; and

building long-term relationships .

Note: Today's companies of all types are adopting a market orientation. They are successful in getting all business functions working together to deliver customer value and meet customer wants and needs.

eg: Wal-Mart has been the leading discounter in the US by focusing on what its customers want: everyday low prices, items always in stock, and cashiers always available.

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.