The ________ holds that the organization’s task is to determine the needs, wants, and interests of target markets and to deliver the desired satisfactions more effectively and efficiently than competitors in a way that preserves or enhances the consumer’s and the society’s well being.

A. Customer-centred business

B. Focused business model

C. Societal marketing concept

D. Ethically responsible marketing

Answer: Option C

Solution(By Examveda Team)

The Societal marketing concept holds that the organization’s task is to determine the needs, wants, and interests of target markets and to deliver the desired satisfactions more effectively and efficiently than competitors in a way that preserves or enhances the consumer’s and the society’s well being. Societal marketing concept holds that a company's marketing policy must consider society's long-term interests, consumers' wants, the company's profit.