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______ philosophy suggests, that, the organisation should earn profit through volume of production. - Commercial Applications

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प्रश्न

______ philosophy suggests, that, the organisation should earn profit through volume of production.

विकल्प

  • Production concept

  • Marketing concept

  • Pricing concept

  • Societal concept

MCQ
रिक्त स्थान भरें

उत्तर

Production concept philosophy suggests, that, the organisation should earn profit through volume of production.

Explanation:

The production concept emphasizes that consumers favour products that are available and highly affordable. It suggests that organizations should focus on increasing production efficiency and volume to achieve economies of scale and generate profit. This concept assumes that a higher volume of production leads to lower costs and higher sales.

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Stages of Marketing
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Markets and Marketing - EXERCISES [पृष्ठ १०]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Commercial Applications [English] Class 10 ICSE
अध्याय 1 Markets and Marketing
EXERCISES | Q 7. | पृष्ठ १०
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