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- Examples of product concept include12345:
- Apple: Apple's products are perceived to be very high quality with innovative features and great performance. Customers go after the products of Apple and that creates a marketing pull.
- Louis Vuitton: Louis Vuitton is known for catering to the needs of luxury and premium customers.
- Gucci: Gucci is one of the world’s leading luxury fashion brands. The company offers quality makeup, handbags, and other fashion accessories.
- Mercedes: Mercedes sells status, not cars.
- Product concept statements typically cover these elements: The product or service name, target users or segment, how target users will use the product or service, what problems or pain points the product or service solves, the business goals the product or service supports, and the concept’s unique selling points5.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Example of product concept
- Apple The products that Apple launches are seen to be very high quality with top features and excellent performance. ...
www.marketing91.com/product-concept/Examples of Product Concept Apple. Apple is one of the world’s largest tech companies and it falls under the category of top 5 tech companies of the... Gucci. Gucci is one of the world’s leading luxury fashion brands. The company offers quality makeup, handbags,... Louis Vuitton. Louis Vuitton is ...
www.marketingtutor.net/what-is-product-concept/Examples of Product Concept The companies who adopt the product concept of marketing do not sell the products they sell feelings, prestige, image, luxury, and status. Apple sells exclusivity, not technology, Mercedes sells status, not cars, and Gucci and Louis Vuitton sell luxury fashion, not clothes.bokastutor.com/product_concept/Example of Product Concept. Apple is one company which works highly on product concept to get the best products to their consumers. Apple's products are perceived to be very high quality with innovative features and great performance. Customers go after the products of Apple and that creates a marketing pull.
www.mbaskool.com/business-concepts/marketing-…Product concept statements typically cover these elements: The product or service name Target users or segment How target users will use the product or service What problems or pain points the product or service solves The business goals the product or service supports The concept’s unique selling pointswww.qualtrics.com/experience-management/produ… - People also ask
Product Concept – Definition, Examples, Pros, & Cons
Learn what product concept is, how it differs from production concept, and see examples of companies that follow it. Product concept focuses on delivering quality products that satisfy customer needs and wants, and earn high margins. See more
The product concept is on the assumption that the customers would choose the product if it has better quality, features, and performance. … See more
The first thirty years of 20thcentury, most of the manufacturers and industrialist were following the production concept of more supply creates demand. In the 1930s, manufacturers were … See more
After carefully studying the article, we have established the fact that the product concept is suitable for certain factors. Like where customers care about status, fashion, brand, and … See more
- Apple
- Apple is one of the world’s largest tech companies and it falls under the categor…
- Gucci
- Gucci is one of the world’s leading luxury fashion brands. The c… See more
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