Write the philosophy of marketing used by the following companies/brands.
Unilever
Amul
Mcdonalds
Savlon
LIC
Reckitt Benckiser
Answers
The philosophy of marketing used by the following companies/brands are:-
Unilever
- Marketing concept
Amul
- Production concept
Mcdonalds
- Marketing concept
Savlon
- Production concept
LIC
- Selling concept
Reckitt Benckiser
- Production concept
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There are five philosophies of marketing:
- Production concept
- Product concept
- Selling concept
- Marketing concept
- Societal marketing concept
☘Production concept:
In this concept, the focus is only on maximizing the production with minimum cost to overcome the excess demand in market.
☘Product concept:
Under this concept, the focus is on to use innovative ideas and techniques while producing a superior quality product in the market.
☘Selling concept:
Under this concept, the focus is only on to increase the sell and the firm use very aggressive selling techniques to attract the customer.
☘Marketing concept:
In this concept, the focus is on to satisfying the needs and wants of customers by producing goods aspect the requirements of customer.
☘Societal marketing concept:
Under this concept, the focus is on to satisfy the needs and wants of people in the society with social responsibility.
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