Target Exam

CUET

Subject

Business Studies

Chapter

Marketing

Question:

Which of the following statements related to marketing philosophies are correct?

A. Starting point of product concept is 'Market'.

B. Main focus of selling concept is 'existing product'.

C. Ends of product concept is 'profit through product quality'.

D. Starting point of selling concept is 'factory'.

E. Ends of product concept is 'profit through customer satisfaction'.

Choose the correct answer from the options given below.

Options:

B, C and D only

B, C and E only

A, B and C only

A, C and E only

Correct Answer:

B, C and D only

Explanation:

The correct answer is option (1)- B, C and D only.

A. Starting point of product concept is 'Market'. This is not true as starting point of product concept is factory.

B. Main focus of selling concept is 'existing product'. This is true.

C. Ends of product concept is 'profit through product quality'. This is true.

D. Starting point of selling concept is 'factory'. This is true.

E. Ends of product concept is 'profit through customer satisfaction'. This is not true as End of product concept is 'profit through product quality.

 

Differences in the Marketing Management Philosophies

Philosophies Production Product Selling Marketing Societal
Starting Point Factory Factory Factory Market Market, Society
Main Focus Quantity of product Quality, performance, features of product Existing product  Customer needs Customer needs and society’s product well being
Means Availability and  affordability  of product Product  improvements Selling and promoting Integrated marketing Integrated marketing
Ends Profit through volume of production Profit through product quality Profit through sales volume Profit through customer  satisfaction Profit through customer  satisfaction and social welfare