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Which concept is oriented towards profit maximization in the long run?
  • a)
    Selling concept.
  • b)
    Both marketing and selling concepts.
  • c)
    Neither marketing nor selling concept.
  • d)
    Marketing concept.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which concept is oriented towards profit maximization in the long run?...
The marketing concept is geared towards long-term success by focusing on customer satisfaction, brand loyalty, and high switching costs. This approach aims to achieve profit maximization over time through continuous efforts to meet customer needs.
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Which concept is oriented towards profit maximization in the long run?a)Selling concept.b)Both marketing and selling concepts.c)Neither marketing nor selling concept.d)Marketing concept.Correct answer is option 'D'. Can you explain this answer?
Question Description
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