In: Economics
How are Marketers trying to make and Individual in India learn about Paper boat? Justify your answer on the basis of theories of learning?
Learning by doing is an economic theory
Propounded by Kenneth Arrow which suggests production orocess
improves and gains perfection bypracticing multiple times . Any
process of production or technological change or innovation can be
brought about by the process of learning while doing. The
production side learns of new techniques or innovations by applying
new changes to the existing processes. Thus the makerters of Paper
boat started by brininging some innovation into existing beverages
and brought out the traditional drinks with some innovation in
production and packaging while the individuals learn about the
product through modes of advertisements and sampling the new
products on offer.
Theories of learning suggest that individuals learn about products
or things around them through their own personal experiences or
through social contact where in there us a natural inclination to
learn about new products.