I'll give you some examples.

And then, as they went down, they kind of understood.

So this is the more formal definition of GDP

Because the alternative to pricing on cost is pricing on value.

You're gonna make more money if a crop fails.

You'd end up with a negative utility.

What is it my customers are paying for?

That's the percentage off times the product in question, times the price, the non discount price of the product in question.

That is, is the total available market of potential users your needs for revenue?

And that's very important, because so many things hit the market at a price and then drift up.

Where the product goes and see the box labeled value proposition.

Handmade goods are very expensive nowadays.

Mass production reduced the price of many goods.

You have a sales force and you're selling directly to the end consumer.

It's p.

What's also interesting, if you look at products that have a high component of what you might call messaging value, a high component of intangible value, versus their intrinsic value

Sometimes water becomes a precious commodity.

Antique carpets are especially valuable.

They mark down goods at that shop.

That is, am I going to put it on a third party website like an Amazon or a web aggregator, or physically, am I going to use system integrators or VARs or some other indirect channel like a retail store.

But you really do want to understand how big is this problem, and is this what we want to spend our next couple years doing?

So again you could start either with customer segments or you could start with a product and value prop itself, it really doesn t matter.

And now we move up to the our item.

These pieces of plastic are worth about 100 grand apiece.

And so how much would be spent on taxes?

And it's usually a technology driven play.

And so what would happen if the price of a related good

And by the way, we're going to ask later for who are you building it and what exactly does it solve for those people?

Totally New Product

This is only true for normal goods.

The discount would be 3 dollars.

Well, I sort of...

And so, once again, if the price of related goods... well, it depends which related goods... but if the price of productive substitutes, so the price of other things I could produce... if the price of other things

The goods are exempt from taxes.

Now, in the web, it might be the cost my engineers.

But in a physical product, it might be the costed bill of materials coming out of my factory.

VAT is inserted at the end of the value chain and clearly declared.

The commodity booms are pumping unprecedented amounts of money into many, though not all, of the countries of the bottom billion.

If you bid 12 so if b was up here and if c snuck in between the bid and the valuation, then you'd be paying too much.

The upper right hand corner is where you want to be.

The sale prices are written in red ink.

Demand went down.

Now what's our mantra of this day and age I wonder?

Waterfall development is just a step by step process that says marketing rights are requirements of what the product should do.

A basic income would allow a frame of mind, in which we can begin to perceive what this is all about.