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Q.

According to the modern concept of marketing, [[1]] is the key to success.


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Detailed Solution

According to the modern concept of marketing, Customer satisfaction is the key to success.
A market used to be a location where buyers and sellers would trade items for cash. Distribution of products and services and profit maximization were the main marketing priorities. The customer's demands and preferences were not researched or taken into consideration. This is where contemporary marketing varies from conventional marketing. The current notion of marketing includes successfully sensing, serving, and gratifying consumers' needs and wants. The secret to success, in this view, is client happiness. Marketing companies fight with one another to satisfy customers better, win over hearts, and grow their businesses. Customer satisfaction is a very important factor in current concepts of marketing.    
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According to the modern concept of marketing, [[1]] is the key to success.