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Business Studies · 2026 · 3 marks
CBSE 2026 · Region 5 · Set 1 · Q21
‘Premier Ltd.’ is a clothing company known for its high quality apparel
and strong commitment to environment sustainability. The company
designs its clothing after carefully understanding the needs of its present
and prospective buyers and satisfying them in an effective manner. It
assumes that profit can be maximised only when all decisions are taken
from the point of view of customer satisfaction. Along with meeting
customer needs, ‘Premier Ltd.’ also shows a deep concern for the
long-term well-being of the society. To reduce environmental pollution,
the company is using organic cotton and recycled polyester. For reducing
waste, they run a programme where customers can return old clothes for
recycling and get a discount on new clothes. Not only this, they keep
aside a portion of its profits for environmental education programmes in
local schools.
Identify and explain two marketing management philosophies followed
by ‘Premier Ltd.’.
Marking-scheme solution
Marketing Management Philosophies followed by ‘Premier Ltd.’:
(i)
Marketing Concept
The marketing concept implies that an organisation can achieve its
objective of maximisation of profit by identifying the needs of its
present and prospective buyers and satisfying them in an effective way
in the long run.
(ii)
Societal Marketing Concept
The societal marketing concept holds that the task of any organisation is
to identify the needs and wants of the target market and deliver the
desired satisfaction in an effective and efficient manner so that the long
term well-being of the consumers and the society is taken care of.
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CBSE Class 12 Business Studies past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.