Question
_____________ marketing concept involves continuous
improvements in a product.Solution
The Production Concept holds that consumers will favour products that are available and highly affordable, and that management should therefore focus on improving production and distribution efficiency. Revolves around economies of scale Useful when: Demand > Supply Product Concept holds that consumers will favour products that offer the most quality, performance and innovative features, and that an organization should thus devote energy to making continuous product improvements. The Selling Concept holds that consumers will not buy enough of the organization's products unless it undertakes a large-scale selling and promotion effort. The Marketing Concept holds that achieving organizational goals depends on determining the needs and wants of target markets and delivering the desired satisfactions more effectively and efficiently than competitors do. The Societal Marketing Concept holds that the organization should determine the needs, wants and interests of target markets. It should then deliver the desired satisfactions more effectively and efficiently than competitors in a way that maintains or improves the consumer's and the society's well-being.Â
B invests 30% of his monthly salary on Travelling and 20% of remaining on Food. Again, he invested 25% of the remaining (after travelling and food expen...
- A rod of length of 616 cm and 35cm radius is melted and converted into a sphere of radius 21cm, find how many such proper spheres can be made?
If ratio of interior exterior angle of a regular polygon is 2:3, then number of sides of the polygon is
If the ratio of the heights of two cones is 3:2 and the diameters are in the ratio 5:6, what is the ratio of their volumes?
The ratio of the radii of the bases of a cylinder and a cone is 2:3, while the ratio of their heights is 3:5. What is the ratio of the volume of the cyl...
A wire is bent to form a square whose sides are of 99 cm. If the same wire is bent to form a circle, then find the area (in cm2) of the circl...
A race track is in the shape of a rectangle with length of 25 metres and area of 4500 m2. A car takes 10 seconds to make one lap around the p...
A well with 30 metre inner diameter is dug 6 m deep. Earth taken out of it, has been evenly spread all around it to a width of 15 m to form an embankmen...
Ratio of length to width of a rectangular field is 4:3. If the perimeter of the field is 140 metres, then find the area (in m2) of the field.
- If the edge of the cube is increased by 5%, then find the percentage increase in the volume of the cube.