We've done price elasticity studies, and the answer is always that we should raise prices. We don't do that, because we believe - and we have to take this as an article of faith - that by keeping our prices very, very low, we earn trust with customers over time, and that that actually does maximize free cash flow over the long term.
quote by Jeff Bezos
Submitted by Veronica Serbanoiu
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Related quotes
I very frequently get the question: 'What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one. I almost never get the question: 'What's not going to change in the next 10 years?' And I submit to you that that second question is actually the more important of the two -- because you can build a business strategy around the things that are stable in time. ... [I]n our retail business, we know that customers want low prices, and I know that's going to be true 10 years from now. They want fast delivery; they want vast selection. It's impossible to imagine a future 10 years from now where a customer comes up and says, 'Jeff I love Amazon; I just wish the prices were a little higher,' [or] 'I love Amazon; I just wish you'd deliver a little more slowly.' Impossible. And so the effort we put into those things, spinning those things up, we know the energy we put into it today will still be paying off dividends for our customers 10 years from now. When you have something that you know is true, even over the long term, you can afford to put a lot of energy into it.
quote by Jeff Bezos
Submitted by Veronica Serbanoiu
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Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.
quote by William Vickrey
Submitted by Lucian Velea
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Mr. Speaker, high natural gas prices and the summer spike in gasoline prices serve as a stark reminder that the path to energy independence is a long and arduous one.
quote by Judy Biggert
Submitted by Lucian Velea
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The Whole World
Together the world seems to pursue a dream
I heard over the telephone, for toying this.
Your proof of mathematics is supreme when
A little gun is waved for the world.
My interest laid in money, foolish money,
Priced too high in quality, as a meeting of minds
Inside another brain.
The world now immediately condemns
The whole of the money!
Prices too strong, prices too high,
Why on Earth do customers come?
poem by Naveed Akram
Submitted by Poetry Lover
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Anybody can cut prices, but it takes brains to produce a better article.
quote by Ross Perot
Submitted by Lucian Velea
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Anybody can cut prices, but it takes brains to make a better article.
quote by Philip Armour
Submitted by Lucian Velea
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People were desperately trying to fill their seats for the summer. And so prices are really low right now. And so they are kept from raising prices to make up for that difference.
quote by David Neeleman
Submitted by Lucian Velea
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Along with you, I have witnessed the unfortunate rise in gasoline prices that has accompanied the summer driving season and the more recent spike in prices due to Hurricane Katrina.
We Are The Same...
gas rices up,
fuel prices up,
grocery prices up,
heating prices up...
and the poor man's dollar
is still a dollar!
cant afford sickness,
cant afford hospitals,
cant afford shelter,
cant afford, cant afford.
it's time to band together
in small communities,
and be neighbors again.
we cannot rely on the government,
on churches, on the elite...
we have each other,
and that is all!
forget about differences.
skin color, religion, politics...
let it go.
we are the same!
same needs, same desires,
same prayers, same love...
red blooded, dirty, stinking
human beings...
human beings in need
of each other!
poem by Eric Cockrell
Submitted by Poetry Lover
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Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.
quote by Thomas Sowell
Submitted by Lucian Velea
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Drilling in ANWR fails to lower energy prices today and sets no long term energy strategy for tomorrow.
quote by Dan Lipinski
Submitted by Lucian Velea
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Pillars of Truth-2
divide and conquer.
they've worked this old adage well.
white against black, both against hispanic,
jew against christian, christian against muslim,
straight against gay, republican against democrat...
they play it to the hilt...
destroy the unions, limit free speech,
ban books that make you think...
ignorance is bliss!
just dont let the common people unite,
dont let them think, or question...
keep them busy struggling to survive...
hope is dangerous!
middle east problems, raise the gas prices...
wait a little while, food prices follow.
give 'em fox news, keep 'em hooked on xanax,
give them tiger, charlie sheen, and lindsay lohan.
divide and conquer!
poem by Eric Cockrell
Submitted by Poetry Lover
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Drug prohibition has caused gang warfare and other violent crimes by raising the prices of drugs so much that vicious criminals enter the market to make astronomical profits, and addicts rob and steal to get money to pay the inflated prices for their drugs.
quote by Michael Badnarik
Submitted by Lucian Velea
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Praying For Scarcity
The only person praying for human plight
So he gets his chance right
Prices soar and fill his coffer
He is right in his opinion and never differs
Not a conscience, opinion or curse worry
Other insects bother him but no sorry
He may double or treble his money
Even though he may receive wrath from many
Let people die or go to hell
He should remain happy and well
He has nothing to worry or tell
As prices will soar and dwell
Black marketing or hoarding is nice business
No competition is on or any danger to face
Compile complete commodities from the market
Create shortage and price arbitrarily set
You may find such nuisance everywhere
World economy has to learn lesson from here
How things can be manipulated at larger level?
There may be, otherwise, different story to tell
It will be nice if things are stored in anticipation
Prices may go up in lean period in relation
The situation can be staved off and handled well
There won’t be any plight or situation like hell
Allow few free markets to mushroom
Give them enough freedom and room
Yet keep control and watch the scene
The plight and agony may be hardly seen
Still it is considered as sin
As such tendency is never seen
Human nature is such to take full advantage
Otherwise many articles on this might have not appeared on page
poem by Hasmukh Amathalal
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The advantage to Great Britain of a regular free trade in corn would, therefore, be more by raising the rest of the world to our standard and price, than by lowering the prices here to the standard of the Continent.
quote by Joseph Hume
Submitted by Lucian Velea
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That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in our - since we've been keeping track of this.
quote by Franklin Raines
Submitted by Lucian Velea
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Boast About Your Bargains!
Price-drop-tv is where it's at,
If money you would save,
That's where they like to trim the fat
Off items that we crave!
From gadgets through to jewellery,
The list goes on and on,
The prices plummet till they see
Their present stock's all gone!
Some shopping channels stare amazed
When viewers pay much less,
That's why the channel's highly praised
Based on our happiness!
Consider what you'd pay elsewhere!
It's frightening when you think!
Price-drop-tv, just doesn't care,
They let the prices sink!
Yes, my home's now full of bargains,
They're there in every room...
The money saved just simply stuns,
Much more than you'd assume!
So, take advantage, just like me...
Remember to be kind!
Each time you watch price-drop-tv,
Keep other folks in mind!
I've saved a fortune every year,
My receipts are the proof!
The facts are there, quite crystal clear,
I'm telling you the truth!
I've bought things for a penny!
I've bought things for a pound!
Yes, in fact, I've bought so many,
I boast bargains that astound!
Denis Martindale, copyright, June 2012.
A poem celebrating price-drop-tv's 9th birthday
here in the UK, where the shopping channel is
on Sky, Virgin Media, Freesat and Freeview.
Visit Facebook: facebook-dot-com/pricedrop
poem by Denis Martindale
Submitted by Poetry Lover
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Am I mistaken A rant
When shopping at the superstore
I find each time I must pay more
For food than what I used to do
And other prices increase too.
It makes rather curious
and not a little furious
Whichever store to which I’ve gone
The prices rise in unison.
I suspect conspiracy
They all agree it seems to me
To a co-ordinated plan
Simply because they think they can
Increase the profits which they make.
It’s not a case of give and take.
I can produce no evidence
I rely on my common sense
Perhaps I’m growing paranoid.
Why does the government avoid
Examining the evidence
Because they know it would incense.
The fat cats who they daren’t offend
So they keep quiet and pretend
The do not have the power to
Do as they’re supposed to do.
Protect the public not their friends
But obviously it all depends
To whom they owe their loyalty.
Not to public obviously
Until there’s an election due
That is the time they promise to
Investigate the reasons why
Food prices have become so high
You can believe if you so choose
But as for me I will refuse
To waste my time by listening to
What they are promising to do.
They promise much deliver less
That’s why this country’s in a mess.
We cannot trust the government.
That much at least is evident
The fat cats just ignore the rules.
They see the government as fools
Who have strength but not the will
One single promise to fulfil.
Of course the government deny
This is the truth and they reply.
As usual with platitudes
There is no change of attitude.
The rich grow richer every day.
We have no choice we have to pay.
The prices they demand for food
Maybe I have misunderstood.
And politicians never lie.
And that truth is that they try
To protect us from the greedy few.
Who can tell them what to do.
Governments of both left and right
Have not the strength of will to fight
The power of the money men
Who ever lives at number ten.
Friday,23 September 2011
http: // blog.myspace.com/poeticpiers
poem by Ivor Or Ivor.e Hogg
Submitted by Poetry Lover
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Your Boom, My Bust
So the he said
'Tell me capitalist
what is profit? '
He said
profit is what I earn
when I sell something for more than it is worth,
it is a reward for my effort.'
Ah, I said, if everyone did that
then the price of an object would
keep going up forever
since each person in the chain
would want their profft
and finally, the price would be so high
nobody could afford to buy
what the capitalist had to sell
and then we would all be in poverty
the last capitalist
would be the only one left with money
enough to buy up our properties
since the price would have dropped
because nobody could afford to pay
and in the end
the richest capitalist
would be the only one standing
and would own everything
while everyone else would have to sell everything to him
because all of the rest of us would be too poor
to pay the high prices its costs to live.
Sell something for more than it is really worth
on the grounds that a profit must be made
leads to disasters, and boom and bust.
Hello Wall Street.
And by the way
if everyone loses everything
who had the money to buy
it all up?
Hello Wall Street.
poem by Lonnie Hicks
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Wikileaks is a mechanism to maximize the flow of information to maximize the amount of action leading to just reform.
quote by Julian Assange
Submitted by Lucian Velea
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