Which of the Following Is the Aim of the Product

question 129

Multiple Choice

Which of the following is the aim of the product concept?

• A) improve the marketing of a firm's best products
• B) market only those products with high customer appeal
• C) focus on the target market and make products that meet those customers' demands
• D) focus on making continuous product improvements
• E) ensure that product promotion has the highest priority

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Definitions:

Deficit

A deficit occurs when an entity's expenditures exceed its revenues over a specified period, often referring to government budgets.

Surplus

The situation in which the quantity supplied of a good exceeds the quantity demanded, often resulting in downward pressure on the price.

Thomas Robert Malthus

An English economist and demographer best known for his theory that population growth will outpace agricultural production, leading to widespread poverty and famine.

Malthusian Theory Of Population

Population tends to grow in a geometric progression (1, 2, 4, 8, 16), while food production tends to grow in an arithmetic progression (1, 2, 3, 4, 5).