Give applications of production philosophy/concept.

Give applications of production philosophy/concept.

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-The concept works well when there is a great deal of unmet or excess demand for a product i.e. where demand is higher than product supply. This situation is commonly referred to in marketing as the "seller's market" - a market condition characterized by high prices and a supply of commodities falling short of demand.
- When the cost of the product is so high that it needs to be manufactured cheaper in order to get consumers to adopt it.

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Lellah answered the question on November 3, 2021 at 08:10

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