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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 17th 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

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Question : Case Study:

ABC Electronics is known for creating products that cater to customers' evolving needs and preferences. They constantly analyze market trends and implement innovative marketing strategies. Which marketing concept does ABC Electronics adhere to?

Option 1: Production Concept

Option 2: Selling Concept

Option 3: Marketing Concept

Option 4: Societal Marketing Concept

Team Careers360 6th Jan, 2024

Correct Answer: Marketing Concept


Solution : The correct answer is  (c) Marketing Concept

The marketing concept focuses on understanding and meeting customers' needs and preferences by analyzing market trends and implementing innovative marketing strategies. It is customer-centric and aims to deliver superior value to customers in order to achieve the

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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.
 

Option 1: Marketing
 

Option 2: Customer value
 

Option 3: Creating a market offering
 

Option 4: Exchange mechanism

Team Careers360 8th Jan, 2024

Correct Answer: Marketing
 


Solution : The focus of the marketing process is on satisfaction of the needs and bones of individuals and organisation. Marketing aims to identify unsatisfied needs of the target customers and developed production services that satisfy such needs.

Hence, option A is correct.

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Question : Which of the following is an example of promotion as a marketing mix strategy?

 

Option 1: Modifying the product features

Option 2: Increasing the production capacity

Option 3: Hiring additional salespeople

Option 4: Launching a social media campaign

Team Careers360 21st Jan, 2024

Correct Answer: Launching a social media campaign


Solution : The correct answer is (d) Launching a social media campaign.

Launching a social media campaign is an example of promotion as a marketing mix strategy. Promotion strategy involves the various marketing communication activities and techniques used to raise awareness, generate interest,

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