Deficient Products

Posted in Marketing and Strategy Terms, Total Reads: 9868

Definition: Deficient Products

It is well accepted now, that the companies produce products which are not of the utmost quality intentionally. Such products are called deficient products.

The companies do so, because they want to ensure that the customers buy their products again and again. If the product is of utmost quality, then the needs of the customer would be satisfied with the first purchase only. This would mean that there would be no repurchase, which would not be good for the company.

For Example: If Fair and lovely is manufactured to make the customer fairer by 4 shades in 4 weeks, then the customer will not purchase the product again. Similarly, if a new is produced such that only a single granule of tea is sufficient of 2 cups of tea, the volumes of tea sold would be very less.

Browse the definition and meaning of more terms similar to Deficient Products. The Management Dictionary covers over 7000 business concepts from 6 categories.

Search & Explore : Management Dictionary

Share this Page on:
Facebook ShareTweetShare on G+Share on Linkedin