After hearing his company criticized for its failure to respond to consumer needs, the CEO of a bank realized that his company needs to adhere to the marketing concept and implement a market-oriented strategy. Which of the following actions would be the best approach to achieving this goal?
a. Reorganizing the company and making marketing its most important department
b. Hiring new salespeople to find new customers
c. Expanding the advertising budget to make potential customers more aware of its product offerings
d. Creating cross-functional teams and instructing them to focus on creating greater customer value
e. Hiring a new product development manager
ANSWER: d