Question

_________ is the oldest concept of marketing
a)product
b)exchange
c) production
d) marketing​

Answer 1

Answer:

(c) production

Explanation:

This concept is the oldest of the concepts in business. It holds that consumers will prefer products that are widely available and inexpensive. Managers focusing on this concept concentrate on achieving high production efficiency, low costs, and mass distribution.

Answer 2

Answer:

The correct answer to this question is Production

Explanation:

Given - The oldest concept of marketing.

To Find - _________ is the oldest concept of marketing.

Production is the oldest concept of marketing.

This idea is the most traditional one in business. According to this theory, buyers like readily available and reasonably priced goods. When implementing this idea, managers focus on obtaining high production efficiency, cheap prices, and widespread distribution.

Marketing is the process of providing the proper products, services, or ideas to the proper customers at the proper time, location, and price. It also involves using the proper advertising strategies and personnel to handle any related customer service needs.

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