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Thread: Brands and OEM manufacturing

  1. #1
    Senior Member UncleFai's Avatar
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    Default Brands and OEM manufacturing

    I wasn't too surprise... they made the market, so sets the price lor... interesting nonetheless.

    https://www.youtube.com/watch?v=voUi...ature=youtu.be

    First principle of capitalism: price is set by what you managed to convince your customers to pay.

  2. #2

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    Quote Originally Posted by UncleFai View Post
    I wasn't too surprise... they made the market, so sets the price lor... interesting nonetheless.

    https://www.youtube.com/watch?v=voUi...ature=youtu.be

    First principle of capitalism: price is set by what you managed to convince your customers to pay.
    Yes, I learnt this principle in the early years of working:

    There is no such thing as 'standard' market price. The market price is set by what the seller managed to convince the buyer to pay.

    To bring relevance to photography world, buyers cannot come here and KPKB abt how they were conned by the shop into paying too high price for the camera items.

    The shop quote u a price which u agree to pay. That's the market price between the shop and buyer. Nothing wrong with it. It's only the buyer's ignorance to agree to that price.
    Last edited by donut88; 22nd October 2015 at 12:02 PM.

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