And so the first of these that I will focus on the first is the price of competing products.

Mass production reduced the price of many goods.

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

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

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

I am in the grocery line.

It is a complement. WRlTING

I'll give you some examples.

But one of the things that we always tend to confuse is the difference between a revenue model and pricing.

The goods are exempt from taxes.

And luckily for us, it is a fairly intuitive idea.

And now we move up to the our item.

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

Let's look at these cases a little bit more carefully and figure out what's going on.

Totally New Product

This is only true for normal goods.

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

The price of everything increased.

A retailer in the United States called Sears had a line of tools that they sold to people who made things and their product line always had three types of products good, better, and best.

When economists refer to inflation today, they are referring to a general increase in the level of prices of goods and services.

The other thing we assumed that's being held constant is price expectations for our good.

The discount would be 3 dollars.

Well, I sort of...

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

Demand went down.

Goods at the food and clothing stalls were very cheap.

That's not bad. I mean, you know, considering' marmalade.

eleven, 1 2, 1 3 sixteen, 1 7, 1 8, 1 9....

Item SS4G

661 00ZBG large size floor runner.

The word arbitrage sounds very fancy, but it's actually a very simple idea.

If it's a physical product, you're going to develop sales collateral, meaning the data sheets and price lists and demos, etc.

As expected, the price of imported goods rose.

Sometimes water becomes a precious commodity.

So this is the more formal definition of GDP

I mentioned them earlier, but a common startup error on day one is let's price on cost.

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

Gee, if you're buying one product, are there any accessories or companion products that you ought to just figure out to make sure that you customers are aware of or on the pricing page or on a price list say

Expectations... Expectations... of future prices. So let's say...

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

Well, what then happened over the last 50 or 60 years, is that goods have become commoditized.

How would you delight these customers?

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

Froogle

The last video we talked about the price of related goods(price of related goods)and if the price of related goods change, both compliments and substitutes, (how that might change) how that might increase or decrease demand, the entire curve not just one particular scenario.