Commercial Applications
…………… philosophy suggests, that, the organisation should earn profit through volume of production.
- Production concept
- Marketing concept
- Pricing concept
- Societal concept
Markets & Marketing
2 Likes
Answer
Production concept
Reason — The production concept assumes that customers will buy products that are inexpensive and easily available. Hence, organisations focus on mass production to reduce cost and earn profit through high volume of production and wide distribution.
Answered By
2 Likes
Related Questions
Which of the following is not the feature of marketing?
- Exchange mechanism
- Customer value
- Corrective action
- All of these
Which function of management starts before production and continues even after sale?
- Planning
- Controlling
- Marketing
- Directing
Which marketing concept places importance to attract and persuade customers to buy the products?
- Selling concept
- Production concept
- Product concept
- Societal concept
A place for buying and selling activities is called ……………
- Market
- Marketing
- Market research
- Market information