Question
_____________ marketing concept focuses on large scale
promotions to sell a product.Solution
The Production ConceptĀ 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.Ā The Marketing ConceptĀ 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 ConceptĀ 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.Ā
A wagering agreement is __________
Who among the following is appointed for the purpose of disbursing the amounts payable to the owner of each coal mine under the Coal Mines Nationalisati...
Every suit instituted, appeal preferred, and application made after the prescribed period shall be dismissed-
Consider the following statements regarding abetment under Section 45 of the Bharatiya Nyaya Sanhita, 2023:
Statement 1: A person abets the doing...
What is the composition and role of the Central Council as per the Consumer Protection Act?
When should the concerned person report transactions in the units of its own mutual fund schemes to the Compliance Officer,Ā as per Reg 5 of SEBI (Pro...
What are the conditions subject to which a company may accept deposits from its members?
The rule in Rylands v. Fletcher relates to:
Legal disability of limitation Act applies in case of:
Under Section 60, when may an LLP be dissolved?Ā