Business Concepts Quiz Question
12 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What makes the production concept relevant for a business?

  • Consumers are not sensitive to price
  • Consumers are interested in obtaining the product that offers them the highest quality, best performance, and most features (correct)
  • Consumers have changing needs and insist they be satisfied
  • Consumers are more interested in product variation
  • Where do marketing and consumer behavior stem from?

  • Selling concept
  • Production concept
  • Product concept
  • Societal concept (correct)
  • Which scenario aligns with the societal marketing concept?

  • Marketers avoid featuring unreasonably slim females in advertising campaigns (correct)
  • Food marketers promote overeating to young people
  • Fast food restaurants advertise high-fat, low-nutrient offerings
  • Marketers feature professional athletes in liquor advertisements
  • What does the price component include in the marketing mix?

    <p>The cost customers pay to obtain the product</p> Signup and view all the answers

    When is the production concept viable for a business?

    <p>When consumers are highly price-sensitive</p> Signup and view all the answers

    How does the marketing concept differ from the production concept?

    <p>Marketing focuses on meeting consumer needs, while production focuses on efficiency</p> Signup and view all the answers

    What concept in business assumes that consumers are mostly interested in product availability at low prices?

    <p>Marketing</p> Signup and view all the answers

    During historical periods when demand exceeded supply, businesses adopted which concept?

    <p>Production</p> Signup and view all the answers

    Which of the following is considered an example of consumer behavior?

    <p>All of the above</p> Signup and view all the answers

    The selling concept focuses on the needs of the ________ and on existing products, while the marketing concept focuses on the needs of the ________.

    <p>Seller; buyer</p> Signup and view all the answers

    Socially responsible activities can result in ________.

    <p>All of the above</p> Signup and view all the answers

    What does 'positioning' refer to in marketing?

    <p>Placement</p> Signup and view all the answers

    More Like This

    Marketing Concepts and Evolution
    30 questions
    Business Concepts and Forms
    10 questions

    Business Concepts and Forms

    WittyAntigorite2913 avatar
    WittyAntigorite2913
    Use Quizgecko on...
    Browser
    Browser