Commercial Applications

…………… philosophy suggests, that, the organisation should earn profit through volume of production.

  1. Production concept
  2. Marketing concept
  3. Pricing concept
  4. Societal concept

Markets & Marketing

3 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

1 Like


Related Questions