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Question : Case Study:

A company believes that products should be widely available and affordable to attract customers. They prioritize production efficiency and distribution effectiveness. This philosophy reflects the:

 

Option 1: Marketing Concept

Option 2: Societal Marketing Concept

Option 3: Production Concept

Option 4: Product Concept

Team Careers360 22nd Jan, 2024

Correct Answer: Production Concept


Solution : The correct answer is (c) Production Concept.

The Production Concept is a marketing philosophy that emphasizes producing high-quality products at the lowest possible cost and making them widely available to customers. The primary focus is on production efficiency, streamlining operations, and reducing production costs

9 Views

Question : Which function of marketing is highlighted in the given statement?
Statement: The need for it rises because there is a time gap between production and consumption of goods.
 

Option 1: Physical distribution 

Option 2: Product designing and development

Option 3: Transportation 
 

 

Option 4: Storage or warehousing
 

Team Careers360 23rd Jan, 2024

Correct Answer: Storage or warehousing
 


Solution : The need for storage and warehousing rises because there is a time gap between production and consumption of goods.This time gap maybe either due to irregular demand or due to irregular supply. The function of storage is performed by different agencies a chese

13 Views

Question : Case Study: ABC Pharmaceuticals adopts scientific management techniques to streamline its production process. Which technique involves analyzing and simplifying work processes to improve efficiency?

 

Option 1: Fatigue study

Option 2: Time study

Option 3: Method analysis

Option 4: Motion study

Team Careers360 21st Jan, 2024

Correct Answer: Method analysis


Solution : The correct answer is (c) Method analysis.

Method analysis is a key component of scientific management, a management approach pioneered by Frederick Taylor in the early 20th century. It involves studying and analyzing each step of a work process to determine the most efficient

16 Views

Question : Case Study:

A company places a strong emphasis on developing products that meet the changing needs and preferences of customers. They focus on product innovation and continuous improvement. This philosophy reflects the:

 

Option 1: Marketing Concept

Option 2: Production Concept

Option 3: Selling Concept

Option 4: Product Concept

Team Careers360 19th Jan, 2024

Correct Answer: Product Concept


Solution : The correct answer is (d) Product Concept.

The Product Concept is a marketing philosophy that revolves around creating high-quality products and continually improving them to meet or exceed customer expectations. Companies following this concept prioritize product innovation, features, and attributes, aiming to develop products

3 Views

Question : Case Study:

A company believes that consumers will buy products that are readily available and affordable. Their primary focus is on increasing production and distribution efficiency. This philosophy is closely related to the:

 

Option 1: Marketing Concept

Option 2: Societal Marketing Concept

Option 3: Production Concept

Option 4: Product Concept

Team Careers360 19th Jan, 2024

Correct Answer: Production Concept


Solution : The correct answer is (c) Production Concept.

The Production Concept is a marketing philosophy that emphasizes producing high-quality products at the lowest possible cost and making them widely available. The primary goal is to achieve production efficiency, streamline operations, and reduce production costs to

4 Views

Question : Statement 1: The marketing concept focuses on creating and delivering superior customer value.

Statement 2: Production concept solely relies on aggressive advertising to drive sales.

Option 1: Both statements are correct.

Option 2: Statement 1 is correct, and statement 2 is false.

Option 3: Both statements are incorrect.

Option 4: Statement 2 is correct, and statement 1 is incorrect.

Team Careers360 24th Jan, 2024

Correct Answer: Statement 1 is correct, and statement 2 is false.


Solution : The correct answer is (b) Statement 1 is correct, and statement 2 is false.

Statement 1 is correct. The marketing concept does indeed focus on creating and delivering superior customer value. It emphasizes understanding and meeting customer

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