the___concept of marketing revolved around profit maximization
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The Product Concept.....
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The price concept of marketing revolved around profit maximization.
Price is the amount that is charged for a product or a service.
- Profit is one of the most important motivating factors for anyone to do business. It is also known as the blood of any business.
- A business organisation has various expenditures like production advertisement salaries and legal expenditures.
- The source of income is the customers and they should be treated very nicely. When the income of a business exceeds all the expenditures it is said to be a profitable business.
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