Question : Which feature of marketing is highlighted in the given statement?
Statement: Consumer buys product only when he feels that the product provides the greatest value for money.

Option 1: Need and want
Option 2: Customer value
Option 3: Creating a market offering
Option 4: Exchange mechanism

Question

Question : Which feature of marketing is highlighted in the given statement?
Statement: Consumer buys product only when he feels that the product provides the greatest value for money.

Option 1: Need and want

Option 2: Customer value

Option 3: Creating a market offering

Option 4: Exchange mechanism

Team Careers360 · Accepted Answer

Correct Answer: Customer value

Solution : While buying a product consumer analyses its cost and satisfaction derived from it.Consumer buys product only when he feels that the product provides the greatest value for money. Marketer's job is to add value to the product so that people prefer it more than competing production decide to purchase it.

Hence, option B is correct.

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Question : Which feature of marketing is highlighted in the given statement? Statement: Consumer buys product only when he feels that the product provides the greatest value for money. Option 1: Need and wantOption 2: Customer valueOption 3: Creating a market offeringOption 4: Exchange mechanism

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Question : Which feature of marketing is highlighted in the given statement?
Statement: While buying a product consumer analysis its cost and satisfaction derived from it.

Question : Which feature of marketing is highlighted in the given statement?
Statement: It involves exchange of products and services for money or valuable consideration.

Question : Which feature of marketing is highlighted in the given statement?
Statement: It aims to identify unsatisfied needs of the target customers and developed production services that satisfy such needs.

Question : Which feature of marketing is highlighted in the given statement?
Statement: It is often referred as the essence of marketing as goods produced at different places are distributed over a wide geographical area.

Question : Which feature of marketing is highlighted in the given statement?
Statement: It refers to complete offer for a product or services by specifying it's features, quality,price,availability,etc.