Arrange the following marketing Management philosophies in a sequence based on their evolution over a period of time.
(A) Product Concept
(B) Production Concept
(C) Marketing Concept
(D) Selling Concept
(E) Societal Marketing Concept
Choose the correct answer from the options given below :
Arrange the following marketing Management philosophies in a sequence based on their evolution over a period of time.
(A) Product Concept
(B) Production Concept
(C) Marketing Concept
(D) Selling Concept
(E) Societal Marketing Concept
Choose the correct answer from the options given below :
Solution
Evolution order of marketing philosophies: Production Concept (focus on availability) came first, then Product Concept (focus on quality), then Selling Concept (focus on aggressive selling), then Marketing Concept (focus on customer needs), and finally Societal Marketing Concept (focus on customer needs plus society's wellbeing). Hence the order is (B), (A), (D), (C), (E).
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