MARKETING CONCEPTS META KAJŽER, GERDA MASILIONYTE, FLORIAN BALL INTRODUCTION Management philosophy, "the customer is the king„, four main marketing concepts. PRODUCTION ORIENTATION Widely available and low cost, reduce costs through mass production, most effective when a business operates in very high growth markets. PRODUCT ORIENTATION Ignoring customer's needs and focusing on building a quality product, satisfy wants and needs of customers. SALES ORIENTATION Force to promote and sell their products or services, door-to-door sales, phone calls, and other face-to-face interactions. MARKET ORIENTATION Identifying and meeting the stated or hidden needs or wants of customers, opinion of customers. McDonalds – A fast food story