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.
A does 2/5 of a work in 9 days. Then B joined him and they together completed the remaining work in 6 days. B alone can finish the whole work in
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Saurabh can complete a piece of work in 20 days. He worked for 5 days and left. Anirudh completed the remaining work in 12 days. If both had done the ...
Ajay and Bijay can individually complete a task in 18 days and 24 days, respectively. If they work together to finish the task an...
Abhay and Bhuvan working together can complete a sales target in 24 days. Bhuvan and Chikku working together can finish the same sales target in 32 days...
A and B together can do a work in 10 days, B and C can do together in 5 days while C and A together can do in 12 days. In how many days C alone will com...
"A" can complete a task in 15 days, while it takes 25 days for "B" to complete the same task. The ratio of the efficiencies of "A" and "C" is 2:1. If a ...
P, Q & R can finish a work in 10 days, 15 days, and 20 days, respectively, working alone. P and Q work on the first day, P and R work on the second day,...
Mohan, Sohan, and Rohan alone can finish a piece of work in 50, 100, and 150 days respectively. They start the work together, but Mohan leaves after 8 d...
If 'A' needs 24 more days to complete a certain task working alone compared to when 'A' and 'B' work together, and 'A' is 50% more efficient than 'B', w...
Abhay, Beer, and Tittu have individual work completion times of 12 days, 24 days, and 36 days, respectively. They Started working together on a task. Af...