CMU School of Drama


Wednesday, October 22, 2014

The Marketplace Is Speaking …

Selling Out: You must just be covering your ears and going, “la la la la!”

Some things are mysterious and difficult to solve. Watson and Crick had to bust their extremely intelligent humps to figure out what DNA looked like. Finding the Unabomber was a multi-decade puzzle for law enforcement. Just finding Waldo is tough for me.

2 comments:

Adelaide Zhang said...

It's interesting that this article even exists, because it seems to me that what it's saying is really obvious. All that it suggests, really, is that companies need to adjust their prices based on how much their potential customers are willing to pay, which is pretty much the most intuitive thing about demand that there is. Of course, it's not all that basic, there are a lot more factors that need to be considered, but it seems like someone who does not have a grasp of that simple concept is probably not going to sell a lot of anything. Maybe the article just stands as a friendly reminder for those who are starting to veer off course.

Unknown said...

This is so good. Isn't the whole market based on supply and demand? Isn't that why prices rise and fall? The gas prices are pure evidence of this. The suppliers ask for more, and the people are willing to give it because it is valuable to them. When the prices drop, that means that the supply has grown and can now more easily fill the demand. Didn't everyone learn that in middle school? It is an elementary concept of business. You have to give them what they want. I guess this article is a friendly reminder of these concepts. It's like producing rape whistles to reduce the number of cases of rape, but then losing business because no one need the whistles because there is no rape.