_____________ marketing concept focuses on delivering customer satisfaction along with improving the consumer's and the society's well-being.
The Production Concept holds that consumers will favour products that are available and highly affordable, and that management should therefore focus on improving production and distribution efficiency. Revolves around economies of scale Useful when: Demand > Supply Product Concept holds that consumers will favour products that offer the most quality, performance and innovative features, and that an organization should thus devote energy to making continuous product improvements. The Selling Concept holds that consumers will not buy enough of the organization's products unless it undertakes a large-scale selling and promotion effort. The Marketing Concept holds that achieving organizational goals depends on determining the needs and wants of target markets and delivering the desired satisfactions more effectively and efficiently than competitors do. The Societal Marketing Concept holds that the organization should determine the needs, wants and interests of target markets. It should then deliver the desired satisfactions more effectively and efficiently than competitors in a way that maintains or improves the consumer's and the society's well-being.
The probability of selecting a rotten apple randomly from a heap of 250 apples is 0.20. What is the number of rotten apples in the heap?
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From a standard pack of 52 cards, 3 cards are drawn at random without replacement. The probability of drawing a king, a queen and a jack in order is.
A bag contains 18 black and 20 white balls. One ball is drawn at random. What is the probability that the ball drawn is white?
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What is the probability that the cards drawn contains 1 red card, 1 purple card and 1 yellow card?
In a lottery, there are 11 prizes and 22 blanks. A lottery is drawn at random. What is the probability of getting a prize?
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22 defective pens are accidentally mixed with 136 good ones. It is not possible to just look at a pen and tell whether or not it is defective. One pen i...
A box contains (x + 10) pencils, (x + 15) pens, and (x + 20) markers. The probability of drawing a marker from the box is (2/5). Find the number of pens...