"With the increase in the supply of the products, customers started looking for products which were superior in quality, performance and features." The statement highlights which philosophical concept of marketing management?
"With the increase in the supply of the products, customers started looking for products which were superior in quality, performance and features." The statement highlights which philosophical concept of marketing management?
Solution
✅ Correct Option: 2
The product concept assumes that customers favour products superior in quality, performance and features, so firms focus on product improvement. The statement describes customers seeking such superior products as supply increased. Hence it reflects the Product Concept.
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