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Answer» Difference between 'Production Concept Philosophy' and 'Product Concept Philosophy': | Basis | Production Concept Philosophy | Product Concept Philosophy | | Meaning | This philosophy is based on the assumption that availability and affordability of the product are the keys to the success of a firm | This philosophy is based on the assumption that product improvement in terms of its features, qualities etc is the means to maximise the profits | | Main Focus | Main focus is on availability, affordability of product and improving distribution efficiency of the firms. | Main focus is on bringing continuous improvement in product-quality, features etc. | | Ends | To maximise projects, production should be done on large scale which will ensure easy availability and affordability of the product. | In this approach, product improvement in terms of its features, performance and quality are the means to achier e the end goals. |
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