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What are focus and drawback of production concept?
Production Concept:
Focus: The focus of the firms subsequent the production concept is on lowering the cost of production through massdistribution and production.
Drawback: Customer does not all the time buy products that are inexpensive and available.
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Explain about the decline stage of product life cycle. Decline Stage: A stage when sales demonstrate a downfall producer decides to abandon the market except only enough.
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How are Indian customers visiting Shoppers’ Stop any different from customers of developed western countries?
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