📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    If a bank focuses only on reducing operational cost

    assuming customers prefer low prices, it follows:
    A Marketing concept Correct Answer Incorrect Answer
    B Production concept Correct Answer Incorrect Answer
    C Selling concept Correct Answer Incorrect Answer
    D Societal marketing concept Correct Answer Incorrect Answer
    E Relationship marketing Correct Answer Incorrect Answer

    Solution

    Production concept assumes customers prefer products that are widely available and affordable. Why Other Options Are Incorrect • A: Customer need focus. • C: Promotion-focused. • D: Societal welfare included. • E: Long-term relationship focus. Banking Example: Low-cost digital banking model.

    Practice Next
    More Basics of Marketing Management Questions

    Relevant for Exams:

    ask-question