Statement (I): The mindset which is commonly associated with a long-ago era when the demand for goods generally exceeded the supply, and the primary focus in business was to effectively produce medium quantities of products; finding the customers was viewed as a relatively major function.
Statement (II): The firms with product orientation typically focus on the quality and quantity of offerings while assuming that customers will seek out and by reasonably priced, well made products.
The statements relate to concepts of marketing
Both statements (I) and (II) are not correct
Both the statements (I) and (II) are correct
Statements (I) is correct but statement (II) is not correct
Statement (I) is not correct but statement (II) is correct.