Geetika scooters are the leading manufacturers of scooters in the industry. They have the first mover advantage in the industry. When they started Page 5 of 9 manufacturing scooters no other company was doing it. They manufacture scooters and the middle class purchases them in a high number. With each passing year the number of scooters sold is increasing. The company’s main concern usually is to produce maximum number of scooters. Company’s profit is governed by the maximum number of scooters they produce.
Identify and explain the marketing management philosophy
Answers
Answer:
Consider the problem
Let,
E
1
is the plant I manufactured scooter
E
2
the plant II manufactured scooter
And, A is scooter of standard quality
Then,
P(E
1
)=
100
70
P(E
2
)=
100
30
And,
P(
E
1
A
)=
100
30
P(
E
2
A
)=
100
90
Now, apply Bayes' Theorem
P(
A
E
2
)=
P(E
1
)P(
E1
A
)+P(E
2
)P(
E
2
A
)
P(E
2
)P(
E
2
A
)
=
(
100
70
×
100
30
)+(
100
30
×
100
90
)
(
100
30
×
100
90
)
=
21+27
27
=
48
27
Hence, The probality that the standard quality has come out from Plant II is
48
27
Explanation:
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Answer:
It is a societal concept
Explanation:
where companies manufacture the products blindly to achieve the company goals and satisfy the customers. This can lead to many social and environmental ills for Exp:- A coustomer may wants drugs so just to satisfy customer the firm should not supply him/her drugs.
Hope you got your answer