Practicing Success
Practicing Success
CUET Preparation Today
| Assertion: Product Concept assumes that availability and affordability of the product are the key to the success of a firm and puts greater emphasis on improving the production and distribution efficiency of the firms. Reasoning: Product Concept assumes that product improvement is, the key to profit maximization of a firm. |
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A. Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A. Assertion (A) is true but Reasoning (R) is not correct. Assertion (A) is not true but Reasoning (R) is correct. |
| Assertion (A) is not true but Reasoning (R) is correct. |
| Production Concept assumes that availability and affordability of the product are the key to the success of a firm and puts greater emphasis on improving the production and distribution efficiency of the firms. Product Concept also assumes that product improvement is, the key to profit maximisation of a firm; |
