As an Amazon Associate I earn from qualifying purchases.

Backward Invention Notes: Definitions & Explanations PDF Download

Download Backward Invention Notes App (Play Store) Download Backward Invention Notes App (App Store)

Study Backward Invention lecture notes PDF with marketing definitions and explanation to study What is Backward Invention?. Study backward invention explanation with marketing terms to review marketing course for online MBA programs.

Backward Invention Definition:

  • Reintroducing earlier product forms that can be well adapted to a foreign country's needs.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



Backward Invention Notes:

It is a process of separating or facilitating products features to manufacture a cheap model of a product. This method has been widely used for selling products to underdeveloped countries. For example, an automobile manufacturing company may replace costly features with the cheaper version, like they replace expensive seat with the low cost seat in the car, which would be easily accessible for the customers of underdeveloped countries. This strategy would help to cater larger audience in the less developed region.

Keep Learning with Marketing Notes

What are Megatrends?

We live in an inexorably powerful and interconnected world. Clashes in the Middle East are causing statistic moves in Europe, ...

What is Brand Elements?

A brand can be recognized with tangible elements that reflects brand identity. For instance, color of the brand logo, flyers, ...

What is Contract Manufacturing?

Contract manufacturing is an outsourcing technique in which a producer sings an agreement with other manufacturing firm for units, and ...

What is Price Escalation?

Value heightening is like expansion yet fixated on a solitary item as opposed to a whole market. While a few ...

What is Global Firm?

Promoting successfully is important to the accomplishment of any business. In any case, endeavoring it all alone can be tedious, ...

What is Wheel-of-Retailing Concept?

The Wheel of Retailing is a noteworthy theory with respect to examples of retail advancement in which new kinds of ...