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Nisha, a school bag manufacturer decided to improve the product for profit maximization and thus added a waterbottle holder to the existing design. (i) Identify the marketing management philosophy adopted by Nisha; and (ii) Explain this philosophy on the basis of: (a) Main focus; (b) Means and ends |
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Answer» (i) Product Concept (ii) (a) Main Focus: This concept emphasises on the features of product. (b) Means: Management can attract customers by making continuous improvement in the quality and in its features. Ends: Products improvement is the key to profit maximisation under the product concept. |
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