The consumer refers back to the person or group which will acquire the merchandise. This element of the product concentrates on fulfilling the needs or wants of The customer.[nine]Production concept: focuses primarily on manufacturing as much as feasible of a specified product or service so as to accomplish economies of scale or economies of scope.

Analytical cookies are used to understand how site visitors connect with the website. These cookies support offer information on metrics the volume of site visitors, bounce amount, traffic source, and so forth.Ad cookies are utilized to offer readers with pertinent advertisements and marketing strategies. These cookies keep track of guests across I

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