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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 car travels a distance of 240 km in 4 hours. If it increases its speed by 20 km/h for the next 3 hours, how much distance will it cover in total?
Pawan and Raju can finish a task in 12 days when working together. The time required for Qureshi, Raju, and Suresh to complete 74...
If cos 2θ = 3/4, find the value of sin² θ.
A man spends 35% of his income on food, 25% on rent, and the remaining amount on other expenses. If he saves ₹9,000, which is 20% of his income, find ...
I. x ² – 10x + 21 = 0
II. y ² – 8y + 15 = 0
A vessel contains 80 liters of milk. 16 liters of milk are taken out and replaced with water. This process is repeated once more time. Find the quantity...
In the given series, what will be come in place of blanks?
Series I: 13, _ P _, 89, 145, 229, 369
Series II: 287, _ Q _, 223, 194, 167, 14...