Question : Assertion: The marketing management philosophy that focuses on selling what the company makes is the marketing concept.
Reason: The marketing concept is customer-oriented and emphasizes satisfying customer needs.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Assertion is true, but the reason is false.
Solution : The correct answer is (c) Assertion is true, but the reason is false.
The assertion is true. The marketing concept is a marketing management philosophy that focuses on understanding and satisfying customer needs and wants, rather than simply selling what the company makes. It prioritizes customer satisfaction and long-term relationships.
The reason is false. The reason incorrectly suggests that the marketing concept is primarily about selling what the company makes. In fact, the marketing concept is about identifying and meeting customer needs effectively, aligning products and services accordingly, and creating value for customers.
In summary, the assertion is true, but the reason is not an accurate explanation of the assertion.
Question : Assertion: The marketing concept emphasizes understanding and meeting customer needs.
Reason: The marketing concept solely focuses on maximizing profits.
Question : Assertion: Under the marketing concept, businesses focus on understanding and satisfying customer needs.
Reason: The marketing concept disregards customer preferences and focuses on mass production.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile