← Prev Question Next Question → Show 0 votes 4.7k views asked Jun 24, 2019 in Business Studies by Prabhakar (74.2k points) The _______ concept holds that consumers will favour products that oer the most in quality, performance and innovative features. a. Marketing b. Production c. Product d. Selling
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Aarush (69.9k points) Best answer The Product concept holds that consumers will favour products that oer the most in quality, performance and innovative features. ← Prev Question Next Question → Find MCQs & Mock Test
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... What are the 4 concepts of marketing?The five main marketing concepts are production, product, selling, marketing, and societal. Companies utilize these five concepts in regards to the product, price, distribution, and promotion of their business.
What is the concept of a product?A product concept is a description of a product or service, at an early stage in the product lifecycle. It is generated before any detailed design work is undertaken and takes into consideration market analysis, customer experience, product features, product cost, strategic fit, and product architecture.
Which concept holds that firms must strive to deliver value to customers in a way that maintains or improves the consumer's and society's well being?The societal marketing concept holds that the organization's task is to determine the needs, wants, and interests of a target market and to deliver the desired satisfactions more effectively and efficiently than competitors in a way that preserves or enhances the well-being of both the individual consumer and society ...
What are the 5 concepts of marketing?These are; (1) production concept, (2) product concept, (3) selling concept, (4) marketing concept, and (5) societal marketing concept. Marketing is a department of management that tries to design strategies to build profitable relationships with target consumers.
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Which concept holds that consumers will favor those products that offer the most quality performance or innovative features?
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