Business Philosophy

BMIS – L1 – SA – Q8.2 – Finance, R&D and Marketing Strategies

Identifies the business strategy favored by competitive businesses.

Question

Which approach to business strategy and business thinking is favoured by most competitive businesses?

A The marketing concept

B The selling concept

C The manufacturing concept

D The production concept

Answer

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Tags: Business Philosophy, Business Strategy, Business Thinking, Competitive Business, Consumer Focus, Customer-Centric, Market Orientation, Marketing Concept, Selling Concept, Strategic Approach
Level: Level 1

Topic: Finance

BMIS – L1 – SA – Q6.3 – Competitive Forces and Markets

Identifies the marketing concept as the philosophy behind responding to consumer demand for a low-sugar product.

Question

When a confectionary company introduced a low sugar natural fruit jam in response to consumer’s demand, which one of the following philosophies was being followed?

A Selling concept

B Product concept

C Marketing concept

D Production concept

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Philosophy, Consumer Demand, Marketing Concept, Product Development
Level: Level 1

Topic: Competitive forces and markets

Tag (SQ): Business Philosophy

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BMIS – L1 – SA – Q8.2 – Finance, R&D and Marketing Strategies

Identifies the business strategy favored by competitive businesses.

BMIS – L1 – SA – Q6.3 – Competitive Forces and Markets

Identifies the marketing concept as the philosophy behind responding to consumer demand for a low-sugar product.

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Tag (SQ): Business Philosophy

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BMIS – L1 – SA – Q8.2 – Finance, R&D and Marketing Strategies

Identifies the business strategy favored by competitive businesses.

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BMIS – L1 – SA – Q6.3 – Competitive Forces and Markets

Identifies the marketing concept as the philosophy behind responding to consumer demand for a low-sugar product.

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