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      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.

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