What is the difference between product and market orientation?

Product orientation: When a business focuses its efforts into creating the product, rather than focusing on what the market wants and needs. The business wants to make a product the way they want to and then try and sell it after it has been made.Market orientation: When a business focuses on what the market wants and needs, and the customer preferences. The product is made based on a good understanding of the products target market, and is usually backed up by primary research (collecting new data from original sources).

EP
Answered by Enya P. Business Studies tutor

8989 Views

See similar Business Studies A Level tutors

Related Business Studies A Level answers

All answers ▸

Analyse the benefits of adopting a flow production system


What is the difference between limited and unlimited liability?


Explain the importance of Outsourcing to an an international firm.


How does quantitative sales forecasting compare to qualitative sales forecasting?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences