- the product concept
Financial and business terms. 2012.
the product concept
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product concept — UK US noun MARKETING ► [C] an idea for a new product: »Once a great new product concept is born in the lab, make sure that the product is relevant to the customer target market. ► (also the product concept) [U] the belief that a good product will … Financial and business terms
the production concept — ➔ concept * * * the production concept UK US noun [S] ECONOMICS, MARKETING ► the idea that a company should make low cost products in large quantities rather than products that suit customers’ particular needs for which they would pay more →… … Financial and business terms
the marketing concept — UK US noun [S] MARKETING ► the idea that a company should supply a product or service based on what customers want and need: »A company following the marketing concept overseas must be aware of cultural differences in people s attitudes and… … Financial and business terms
Product concept — is the understanding of the dynamics of the product in order to showcase the best qualities of the product. Marketers spend a lot of time and research in order to target their attended audience. Marketers will look into a product concept before… … Wikipedia
product concept — The idea that consumers will favour products that offer the best quality, performance, and features and that an organization marketing products should therefore devote its energy to making continuous improvements … Big dictionary of business and management
concept — con‧cept [ˈkɒnsept ǁ ˈkɑːn ] noun 1. [countable] MARKETING an idea for a product: • the management of an R&D process, from an original concept through to marketing, manufacture and end use ˈmarketing ˌconcept [countable] MARKETING an idea for a… … Financial and business terms
Product lifecycle management — (PLM) is the process of managing the entire lifecycle of a product from its conception, through design and manufacture, to service and disposal. [cite web title = About PLM publisher = CIMdata url = http://www.cimdata.com/PLM/aboutPLM.html ] PLM… … Wikipedia
Product Family Engineering — Product families/lines are quite common in our daily lives, but before a product family can be successfully established, an extensive process has to be followed. This process is known as product family engineering, product line engineering, and… … Wikipedia
Product Structure Modeling — Product structure is a hierarchical decomposition of a product, typically know as the BOM (Bill of Materials).As business becomes more responsive to unique consumer tastes and derivative products grow to meet the unique configurations, BOM… … Wikipedia
Product stewardship — is a concept whereby environmental protection centers around the product itself, and everyone involved in the lifespan of the product is called upon to take up responsibility to reduce its environmental impact. [ [http://www.epa.gov/epr/ The… … Wikipedia
