Which concept holds that consumers will Favour products that offer the most in quality performance and innovative feature?
_______ believes that the consumers will favour those products that offer the best quality, performance and features and therefore the organisation should devote its energy to making continuous product improvements.
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Answer (Detailed Solution Below)Option 2 : Product concept of marketing Free CT 1: Current Affairs (Government Policies and Schemes) 10 Questions 10 Marks 10 Mins The correct answer is the Product concept of marketing Key PointsProduct concept of marketing
Additional Information 1. Selling concept of marketing
2. Profit concept of marketing
3. Production concept of marketing
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Looking for the answer to the question below related to Brand Management? Options: A. product Conclusion I hope you got the answer to your question. pooja sharmaDigital Marketing Digital Marketing 2022-08-22 23:11:09 The ________ concept holds that consumers will favour those products that offer the most quality, performance, or innovative features. A. Product B. Marketing C. Production D. Selling E. Holistic marketing abhishek mishra2022-08-22T17:41:09.051000Z The Product concept holds that consumers will favour those products that offer the most quality, performance, or innovative features. The product concept proposes that consumers will prefer products that have better quality , performance and features as opposed to a normal product. Which concept holds that consumers will favor products that are available and highly affordable?The correct answer is OPTION B: Production Concept.
This is the most fundamental business principle. According to this notion, consumers want products that are both conveniently accessible and inexpensive.
What are the 5 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 product concept in marketing?The product concept is based on the philosophy that customers will prefer products that offer quality, performance, or innovation-related features and aims at producing creative and innovative products that are new or improved versions of existing products.
Why product concept is the best?The product concept is on the assumption that the customers would choose the product if it has better quality, features, and performance. The reason product concept is important is because it makes it necessary for you to meet the demands and wishes of customers by delivering the best product.
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