Question

______ philosophy suggests, that, the organisation should earn profit through volume of production.

Options

• Production concept

• Marketing concept

• Pricing concept

• Societal concept

Answer 1

Production concept philosophy suggests, that, the organisation should earn profit through volume of production.

Explanation:

The production concept emphasizes that consumers favour products that are available and highly affordable. It suggests that organizations should focus on increasing production efficiency and volume to achieve economies of scale and generate profit. This concept assumes that a higher volume of production leads to lower costs and higher sales.