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In ______ stage there was a mass production, supply exceeds demand.

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Question

In ______ stage there was a mass production, supply exceeds demand.

Options

  • Production-oriented stage

  • Marketing-oriented stage

  • Sales-oriented stage

  • Societal Marketing stage

MCQ
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Solution

In sales-oriented stage stage there was a mass production, supply exceeds demand.

Explanation:

The sales-oriented stage (which emerged post-1930 after the Great Depression) was distinguished by industrial innovations and mass manufacturing, which resulted in market supply much exceeding consumer need. Because there was a significant inventory surplus in warehouses, the operational focus changed from internal manufacturing capacity to aggressive hard-selling, advertising, and elaborate promotional strategies to create artificial demand and clear existing stock.

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Chapter 1: Markets and Marketing - EXERCISES [Page 12]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 1 Markets and Marketing
EXERCISES | Q 47. | Page 12
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