1.

Write a short note on product concept.

Answer»

Product concept:

  • The product concept works under the principle that the consumers will favour ‘ products that offer the most in quality, performance and innovative features.
  • Under this concept, marketing strategies are focused on making continuous product improvements.
  • Companies following this concept keep on improving the product quality continuously and work day and night on research and development of the product.
  • Products falling in this category are relatively costly.


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