“The market is driven by consumer demand for lower prices.”
© Copyright Frank D. Kanu 2000-2008
“The market is driven by consumer demand for lower prices.”
It sure is a catchy headline! But it also does leave a lot out: Branding, customer loyalty, etc.
Technorati (All Links are external): branding buyers catchy headline companies consumer demand consumer demand for lower prices customer loyalty economics headline lower prices loyalty maximize monopoly quasi-monopoly still true business ethics
Do you think that is still true?
Especially in the past few months?
And what about those markets where companies have a monopoly or quasi-monopoly? Aren’t those markets more driven by the companies trying to maximize their win?
Some say that we have to change the way we teach economics; our understanding of economics. Markets are more global, but so are companies and buyers.“The market is driven by consumer demand for lower prices.”
It sure is a catchy headline! But it also does leave a lot out: Branding, customer loyalty, etc.
Why do you think so many use this headline?
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branding buyers catchy headline companies consumer demand consumer demand for lower prices customer loyalty economics headline lower prices loyalty maximize monopoly quasi-monopoly still trueTechnorati (All Links are external): branding buyers catchy headline companies consumer demand consumer demand for lower prices customer loyalty economics headline lower prices loyalty maximize monopoly quasi-monopoly still true business ethics
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