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Then, the means of strategic Management for the integration of Marketing with other Management functions came up ad shifted the focus towards the strategic partnerships and the new positioning between vendors & customers with the purpose of creating value for the customer.
§ The 3 Principles of Marketing
The essence of Marketing can be summarized in 3 Principles.
1. Marketing for creating higher customer value than the competitors by expanding or improving the product, by reducing the price or by a combination of these.
2. Offering competitive advantage in case of product, price, promotion, distribution, etc...
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