Wednesday, August 25, 2010
My 1st Post
Nowadays we buy something without seeing the value .... Giving an example, compare a low price and a high price cosmestic product with the same quality .... What you will choose? Sure you will choose the low price now .... But when you go shopping and suddenly saw a cheap cosmestic product .... What you will think at 1st? Sure you will think that the product is low quality .... If I raise the price and what you will think again? Sometimes product that we buy may not same as the value of the product .... Think twice ....
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3 comments:
Yo, u din study economics ah? In order to survive in the market, price reduction is the most effective way to gain market share. But this strategy only will be used by fringe firms. For dominant firm, they wont used pricing strategy because their product is heterogeneous ma. So people perception where low price = low quality is true compare to high price = high quality.
lol .... example only mah .... sometime food also same .... if the price too normal as other price .... not special .... but if sell in high price .... maybe ppl curious what is that so expensive and will go to try ...
Aiyyoyoyoyo got blog again!!! hahaha
nice one!! upload moreeeee
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