Which of the following best describes the term "market-oriented"?

The term "market-oriented" fundamentally revolves around an organization’s commitment to understanding and meeting the needs and preferences of its customers. This approach involves gathering and analyzing market data, engaging with consumers, and adapting offerings based on their feedback and behaviors. Companies that are market-oriented prioritize customer satisfaction and seek to create value through products and services that resonate with their target audience.

By emphasizing customer needs and preferences, a market-oriented strategy enables businesses to build stronger relationships with consumers, improve customer loyalty, and ultimately drive more sustainable profitability. This approach contrasts sharply with focusing primarily on internal processes, products instead of customers, or profit as the sole objective, as these do not adequately account for the market dynamics and consumer insights that are essential to long-term success in today’s competitive landscape.