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.
Parts of the following sentence are given as options. Identify the segment that contains a grammatical error.
I shall buy this book if you like...
The chairman had not taken(1)/ any decision until(2)/ he had studied(3)/ the case thoroughly.(4)
Several thousand people jammed Hong Kong's streets on Sunday in the biggest rally in more than a decade, to thwart a proposed extradition law that would...
A sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your answer. Mark (E) if the sent...
The reputation of a player and team are burnished by gritty performances abroad and against quality opposition .
...Col. Whiting called for (A)/my office to get (B)/the loan of (C)/an elementary work on conchology (D).
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark ...
1. Enhanced weathering essentially speeds up natural processes of erosion and chemical reactions using newly introduced minerals.
2. During the p...
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark ...
Directions: In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appro...