12th Class Business Studies Marketing

  • question_answer 9)
    Distinguish between the product concept and production concept of marketing.

    Answer:

    Difference between Product and Production Concept  
    Basis Product concept Production concept
    Main focus   The focus of the product concept is on quality of the product. The focus here is on quantity of the product.
    Means It is achieved through continuous improvement in the quality. It is achieved through increased production leading to lower costs.
    Objective Profit maximization through quality improvement. Profit maximization through increased production.
     


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