product concept
TRANSCRIPT
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Product Concept
AHSAN AHMAD BABA
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Product Concept Definition
Product concept is the idea that consumer favors the products that offers the best quality performance and features and that organization should devote their energy in making continuous product improvements that articulate consumer preferences.
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Example
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About Company
Havells India Limited is a Fast Moving Electrical Goods (FMEG) Company with an extremely strong global presence. Founded in 1958 by Qimat Rai Gupta also known as QRG Group
Havells is an Indian origin company, Havells manufactures 90% of its products in house. The Company has an extremely strong global presence across 50 countries with manufacturing units in China, Europe, Africa and Latin America apart from 7 manufacturing locations in India.
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Havells Fans
Havells Ceiling fans come under five categories Premium under light fans. Decorative fans. Special finish fans. Energy Saving fans. Regular fans
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Regular fans (Historical Fan)
Features
Low Price. Less Attractive High Energy Consumption. Available in market. Less efficient.
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Havells Energy Saving fans.
Features
Low Price. Less Attractive Low Energy Consumption. Available in market. Less efficient.
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Special finish fans.
Features
Slightly high in Price. More Attractive Low Energy Consumption. Available in market. More efficient.
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Decorative fans.
Features
Slightly higher in Price. More Attractive Low Energy Consumption. Available in market. More efficient.
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Premium under light fans.
Features Highest prices. Highly Attractive Low Energy Consumption. Available in market. Most efficient. Copper blades for high
performance Remote control.
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Thank You