arrow
arrow
arrow
In which one of the following concepts, a buyer is passively involved in an exchange transaction, and he accepts whatever is offered to him by a marke
Question



In which one of the following concepts, a buyer is passively involved in an exchange transaction, and he accepts whatever is offered to him by a marketer?

A.

Production concept

B.

Product concept

C.

Selling concept

D.

Marketing concept

Correct option is A


In the production concept, the primary focus is on the efficient production and distribution of goods. The assumption is that customers will prefer products that are widely available and affordable. The buyer, in this case, is passively involved in the exchange transaction and accepts whatever is offered by the marketer, as long as it is available and affordable.
The production concept reflects a product-centric approach, where the organization prioritizes its internal production capabilities and efficiencies over the specific needs and wants of the customers. The marketer assumes that customers will be willing to buy products that are produced in large quantities and made available at low prices.

Free Tests

Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English
Free
Must Attempt

UGC NET Paper 1 Mock Test 1

languageIcon English
  • pdpQsnIcon50 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘UGC NET Commerce’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
354k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow