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 buy reasonably priced well-made products.

From the above statements indicate the correct code of being statements correct or incorrect The statements relate to concepts of marketing.

1
Both the statements (I) and (II) are not correct.
2
Both the statements (I) and (II) are correct.
3
Statement (I) is correct but statement (II) is not correct.
4
Statement (I) is not correct but statement (II) is correct.

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