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John B

Is Education a Public Good or a Private Good? - Innovations - Blogs - The Chronicle of ... - 1 views

chronicle.com/...28329

Public goods

shared by John B on 01 Dec 13 - No Cached
  • Advocates for more generous support of students frequently bemoan what they perceive as a social shift from viewing higher education as a “public good” to viewing it as a “private good.”
  • The concept of public goods is central to economic analysis of the role of government in the allocation of resources. Public goods are defined by two characteristics: 1) Non-excludability: It is not possible to exclude non-payers from consuming the good. 2) Non-rivalry in consumption: Additional people consuming the good do not diminish the benefit to others
  • Advocates for more generous support of students frequently bemoan what they perceive as a social shift from viewing higher education as a “public good” to viewing it as a “private good.” What they mean is that the public gets benefits from people going to college and should not be transferring responsibility for the costs of education to students themselves.
  • ...1 more annotation...
  • This is not an either/or question. The benefits of college are not all public and they are not all private. The debate should be over what fraction of the cost of postsecondary education students should bear and how large society’s subsidy to them should be. It should not be over whether education is a “public” or a “private” good.
  • John B on 01 Dec 13
     
    This article is telling us about how the higher education (college) is allocated. If it is a private good or a public good. I would say that for the moment, it is a good that is can be excluded for people who cannot afford it. Therefore it is not a public good.
Amanda Anna G

Is the bank ATM a public good? - Livemint - 1 views

www.livemint.com/...he-bank-ATM-a-public-good.html

public-goods

shared by Amanda Anna G on 01 Dec 13 - No Cached
  • The aftereffects of the ATM incident show that we are still ambivalent about it. Our idea of a public good is centuries old.
  • What everyone conveniently forgets is that an ATM is not tied to the mother bank—the free usage of another bank’s ATM (up to a fairly liberal limit) has made the ATM a near-public place.
  • Very early in life, I learnt the importance of the state. By now it is well-recognized that much as we deride the state, we can’t live without it.
  • ...3 more annotations...
  • Is the bank ATM a public good? The idea of mandating banks to provide security to ATMs betrays a pitiable lack of understanding of the changing face of public goods
  • But several decades on have we evolved enough in our understanding of what constitutes a public good that the state should provide?
  • The implied belief is that an ATM is a bank’s product, meant for the bank’s customers, and hence its security is the bank’s problem, i.e. it is not sufficiently “public”. The subtext, sometimes articulated, is that since 60% of the adult population does not have a bank account, an ATM is essentially an elitist construct, not worthy of being within the protective cover of the general law and order setup
  • Aleksi B on 01 Dec 13
     
    This article asks the question is the ATM a public good. Inside we will find the article making statements to why it is in fact a public good and why it should be considered as one
  • Amanda Anna G on 02 Dec 13
     
    This article deals with the idea of assign authority to banks to provide security to the ATM. Is the ATM a good that benefits to the society? Since the ATM is a way to give freedom to the people I would say yes, but should then the ATM be controlled by guards? In my opinion, I think it would be a good idea. Even though one might argue that the idea would take away the freedom of ATM, I think the security will provide even more freedom to the people since they can deal with their money safely.
Haydn W

Scrap the licence fee and privatise the BBC - The Commentator - 0 views

www.thecommentator.com/...ence_fee_and_privatise_the_bbc

BBC Public Good The Commentator UK government

shared by Haydn W on 01 Dec 13 - No Cached
  • The next two years will see a lively debate over the future of the British Broadcasting Corporation, with the current Royal Charter due to run out at the end of 2016.
  • According to an ICM poll in the Sunday Telegraph last month, 70 per cent of voters believe that the licence fee should be abolished or cut.
  • With the licence fee scrapped, should the BBC remain in public ownership? Or should the BBC be privatised, so that it can compete on a level playing field with the global media giants that are now emerging? 
  • ...5 more annotations...
  • Paul Samuelson, the Nobel-prize-winning American economist, advanced the concept of "public goods" in his classic 1954 paper "The Pure Theory of Public Expenditure", demonstrating that such goods had to be financed by taxation and could not be left to the free market. The hostility to advertising meant that broadcasting was the textbook paradigm of a "public good".
  • Still benefiting from the halo conferred by its wartime role, the BBC was by far the most influential broadcasting service in the world. Further, with the UK accounting for almost 10 per cent of world output in the late 1940s, its state-owned monopoly was a vast broadcasting business by international standards. The BBC may not have been part of the British constitution, but it was undoubtedly a "national champion".
  • Advertising is sometimes demonised by left-wing commentators as capitalism without taste or shame, and as free enterprise at its selfish worst.
  • The actual position is far more even-handed and complex. As the growing unpopularity of the licence fee has constrained the BBC's revenues, TV advertising spend is now about the same size as the total money collected by the licence fee and well above the portion of this money devoted to television.
  • But the truly spectacular development of the last few years is that both total advertising spend and the licence fee money have been surpassed by BSkyB's subscription revenue. As BSkyB also picks up advertising revenue on its channels, its annual income is well above the BBC's.
  • Haydn W on 01 Dec 13
     
    This article talks about the logistics of scraping the license fee that finances one of the worlds most famous examples of a public good, the BBC. Economic stagnation and falling wages have left many consumers disgruntled at the license fee and with the BBC failing to keep up with it's competitors in terms of revenue, costs have had to be cut at the world renowned corporation. The article explores the concept of the public good and how politicians have began to propose alternatives to the license fee.
John B

Venezuela businesses brace for more price controls - 0 views

espnsportsgolf.jovenesproponen.org/...-brace-for-more-price-controls

price controls

shared by John B on 16 Nov 13 - No Cached
  • Jorge Botti, president of Fedecamaras, said the Law for Fair Costs and Prices will spook investors looking for wider profit margins and cause shortages of basic goods because makers of numerous products will likely scale back production.
  • He said sweeping price regulations applied to goods and services in every area of Venezuela’s economy will inevitably hurt businesses already struggling with socialist-orientated policies established by President Hugo Chavez.
  • While price controls already exist for some basic foods such as cooking oil and rice, the law taking effect Tuesday will extend them to a wider range of goods and give the government more enforcement authority.
  • ...2 more annotations...
  • Officials will initially focus on setting price controls for food, personal hygiene and home cleaning products, construction materials, automobile parts, medicines and health care services before moving on to other areas of the economy, Granadillo said.
  • Luis Vicente Leon, director of the Venezuelan polling firm Datanalisis, which tracks the availability of basic goods and consumer prices, predicted the law won’t tame inflation and cause shortages of some goods.
  • John B on 16 Nov 13
     
    This article is about trying to bring down the inflation by imposing price controls for food, personal hygiene, home cleaning products, construction materials, automobile parts, medicines and health care services. I personally did not like this article since there were very little explanation of why things would occur. It was just stated one person thinks this will be a good idea, and another person thinks it is a bad idea. Nothing about why they think so.
Sebastian G

A Brief History of Public Goods - 0 views

www.demos.org/...brief-history-public-goods

public goods

shared by Sebastian G on 28 Nov 13 - No Cached
  • Sebastian G on 28 Nov 13
     
    The title of the article already explains it all, it is a brief history about public goods.
Yassine G

Pollution as a Public Good - NYTimes.com - 1 views

www.nytimes.com/...ollution-as-a-public-good.html

pollution public goods desirable

shared by Yassine G on 30 Nov 13 - No Cached
  • Yassine G on 30 Nov 13
     
    This is a very interesting public good. It is both helpful for the government and the public. Pollution will decrease, which means better and healthier living condition, and the cost of the permits allows the government to add new public gods or improve the quality of its services. 
Haydn W

BBC News - US and EU 'make progress' in free trade area talks - 2 views

www.bbc.co.uk/...business-29482892

BBC EU USA Free Trade

shared by Haydn W on 21 Oct 14 - No Cached
  • US and EU 'make progress' in free trade area talks
  • Officials from the United States and the European Union say they have made progress as they seek to sweep away trade barriers.
  • If successful an agreement would create the world's biggest free trade zone.
  • ...8 more annotations...
  • The planned agreement is known as the Trans-Atlantic Trade and Investment Partnership or TTIP.
  • Mullaney said they have "progressed from discussing general approaches to the spadework of reviewing the many proposals that each side has put on the table."
  • They are trying to do that by eliminating tariffs (taxes on imported goods) and removing what Mr Mullaney called "non-tariff obstacles".
  • But while trade officials get on with detail, some of the general principles continue to generate vocal opposition.
  • Perhaps the most controversial area is the provision for foreign investors to go to an international tribunal for compensation if a government breaks the rules in a way that harms the company's interests.
  • he opposition to this idea has been taken up by the German government, so it remains uncertain whether it would appear in any final agreement.
  • Other critics are concerned that an agreement will drive down standards of consumer protection and food safety and will cost jobs.
  • They also complain that the texts that negotiators are working on are not made public.
  • Haydn W on 21 Oct 14
     
    Talks are taking place between the EU and the USA to create the worlds biggest free trade area. In many goods the US is seen to have an absolute advantage in producing many goods but they also rely on European countries to provide many components to US businesses. This trade deal, although opposed by Unions and other activitists is seen by many to be vastly beneficial to the two parties.
Zuzanna G

The CBC: What's it good for, without hockey? - 0 views

www.theglobeandmail.com/...article15684784

public goods

shared by Zuzanna G on 03 Dec 13 - No Cached
  • Zuzanna G on 03 Dec 13
     
    This article is about the main public Canadian corporation that delivers radio and TV. On the example of hockey it discusses the matter of media as a public good.
Haydn W

Falling oil prices offer the west a great chance to refashion itself. Let's seize it | ... - 1 views

www.theguardian.com/...west-chance-refashion-policies

The Guardian USA Russia Oil Prices Balance of Payments

shared by Haydn W on 05 Dec 14 - No Cached
  • Falling oil prices offer the west a great chance to refashion itself. Let’s seize it
  • For the past 18 months, the world’s biggest oil producer has been the US.
  • One first good result of this oil price shift, however, was witnessed at Opec’s meeting in Vienna last week. The once feared cartel of oil-exporting countries, with Saudi Arabia at its core, a cartel that at one time commanded more than half of global production, is now a shadow of its former self.
  • ...9 more annotations...
  • the US will maintain this new standing for the foreseeable future, according to official projections.
  • It should be no surprise, then, that in the past rising oil prices were associated with recessions and falling oil prices with booms. If the oil price carries on falling back towards $50 a barrel, and if history is any guide, the western economy should respond – to the good.
  • But although particular companies may lose out, the first-round effect of this fall should provide good news. High oil prices depress economic activity. They suck money from consumer spending and redirect it to oil-exporting countries, which typically hoard it in elephantine foreign exchange reserves or unspent  bank deposits. It is a tax by the few on the many.
  • With the US needing to buy less oil on international markets and China’s growth sinking to its lowest mark for 40 years, there is now, amazingly, the prospect of an oil glut. The oil price instantly nosedived to its lowest level for four years, around $70 a barrel – down more than a third in three months.
  • Suddenly, the balance of economic advantage with Russia, no less dependent on oil and gas exports, will flip. Russia’s 2014 budget was based on an oil price of $100 a barrel. At $70 a barrel, the economy will contract by at least 3% in 2015, the country will run a balance of payments deficit and the government’s finances will spin out of control.
  • The chances of Russia sustaining a surrogate war in Ukraine have suddenly been reduced. All good news.
  • But western governments cannot hope that economic benefits will arrive automatically. These are new times.
  • Uncertainty and fear abound. Interest rates in Britain alone have been pegged at 0.5% for more than five years. But still business is reluctant to invest, not knowing what technologies to back or not knowing how much demand there will be for new products and services. We live in an era of stagnation, “secular stagnation”
  • So falling oil prices offer the world economy a great opportunity. But if it is not leapt upon purposefully by aggressively expansionary economic policy, secular stagnation might worsen.
  • Haydn W on 05 Dec 14
     
    The recent fall in oil prices, largely due to America's newfound dominance in the market, will cause Russia to experience a balance of payments deficit, according to this article from the Guardian. This is based on Russia's overestimate of the forecast for the global oil price and can be said to be an example of how global prices often influence balance of payments for countries, especially when it concerns national resources.
Amanda Anna G

Venezuela to toughen price controls, set profits - Yahoo News - 0 views

news.yahoo.com/rofits-122109181--finance.html

pirce-controls

shared by Amanda Anna G on 14 Nov 13 - No Cached
  • CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro is extending price controls and will place limits on profits as he extends attempts to curb the galloping inflation that is eroding support for his rule.
  • Maduro made the announcement in a late-night television address Sunday in which he also vowed to step up inspections of businesses selling shoes, clothing, automobiles and other goods to make sure they aren't gouging consumers.
  • Amanda Anna G on 14 Nov 13
     
    In Venezuela, the president Nicolas Maduro has extended price controls to prevent the inflation that is (against) support for his rule. "We can't allow our hard currency to be used to rob people through the sale of these goods." he harangued businessmen he accuses of usury. This article relates to price controls and politics, and shows how price controls might look like when a country is ruled by dictatorship.
Jakub B

Are children a public good? - 1 views

www.economist.com/...are_birthrates_a_public_good

public goods

shared by Jakub B on 27 Nov 13 - No Cached
  • Jakub B on 27 Nov 13
     
    The article discusses the topic that regards children as a 'public good' and treats natural increase as a problem that should matter every citizen of a particular state. The selfisg parents do not invest money in their children since they cannot see any potential benefits from children and also can get pension when they will be elderly Therefore, the parents do not compete to have the best child (because it is costly). There are high IQ children who tend to be more beneficial to the society, while others tend to be less productive. Eventually, the author disagrees with the considered statement as the obtained knowledge as a part of human capital is excludable.
Clemente F

Is High School Soccer A public Good? - 3 views

mises.org/2419

public-goods

shared by Clemente F on 03 Dec 13 - No Cached
  • Clemente F on 03 Dec 13
     
    The article discusses how High School soccer may be considered a public good
John B

Drop in U.S. Jobless Claims, Rising Consumer Confidence Point to Recovery - Bloomberg - 2 views

www.bloomberg.com/...-000-last-week-to-388-000.html

Aggregate demand

shared by John B on 24 Mar 14 - No Cached
  • Fewer Americans filed claims for jobless benefits last week and consumer confidence stabilized
  • indicating strengthening sales in the U.S. and overseas are helping manufacturers like United Technologies Corp. (UTX)
  • We have an economy that is growing solidly,
  • ...2 more annotations...
  • A slowdown in firings and growing payrolls may spur further gains in consumer spending, which accounts for about 70 percent of the economy.
  • report today showed orders placed with factories unexpectedly fell in February for the first time in four months, reflecting weaker demand for capital goods and military aircraft.
  • John B on 24 Mar 14
     
    This article is dealing with the economy in the U.S. It starts with stating that consumer confidence is stabilized, which could be because of the growing economy in the U.S. For example, the sales in U.S. and overseas are strengthen. One could also see from this article that the amount of people being fired from their jobs decrease which contributes to a growing consumer spending. Although, the demand for capital goods and military aircraft is becoming weaker.
Haydn W

What are multinationals doing to champion rights of millions trapped in modern-day slav... - 0 views

www.theguardian.com/...ations-compliance-human-rights

Multinational Corporations The Guardian Fair Trade Slavery

shared by Haydn W on 10 Mar 15 - No Cached
  • What are multinationals doing to champion rights of millions trapped in modern-day slavery?
  • With almost 21 million people working in forced labour conditions in the global economy, companies are being made to clean up their act
  • In a world of complex supply chains, migrant workers, sub-suppliers and a constant squeeze on costs, corporate leaders and their stakeholders are keenly aware of the risk of labour exploitation.
  • ...18 more annotations...
  • No industry or region is fully insulated from the social deficit which has emerged from the rise of the modern global economy.
  • Given the influence and impact that multinational corporations have, there is significant scope for corporate leaders to champion reform and action in this area.
  • However, the ILO estimates that 44% of those working in forced labour are also victims of trafficking (pdf).
  • The fight to eradicate the scourge of forced and child labour, sometimes referred to as modern-day slavery, has re-emerged as a defining issue in this century
  • The International Labour Organization (ILO) estimates that almost 21 million people are currently working in some form of forced labour, with 14.2 million in economic activities such as agriculture, construction, domestic work or manufacturing (pdf).
  • Beginning in California in 2012, following effective campaigning and lobbying to then-governor Arnold Schwarzenegger, mandatory corporate disclosure of a company’s non-financial activities has been on the rise.
  • From US President Obama’s executive order on trafficking and federal procurement, to the UK Modern Slavery Bill’s recent amendment to include supply chain disclosure provisions, to the EU’s adoption of a non-financial reporting directive, compulsory transparency around global corporate practices – including human rights, labour and social impacts and policies – is the latest tool being employed by legislators to place social expectations on corporations.
  • multinational corporations have grown significantly in terms of size, assets, resource control and revenue, not to mention societal influence.
  • This growth has been accompanied by growing expectations by society and government.
  • It is, of course, critical to recognise that the global corporate supply chain can be a force for good.
  • However, with their multiple levels of subcontracting, particularly throughout impoverished regions where labour laws are non-existent or not enforced, global labour and product supply chains also provide fertile ground for inhumane practices and working conditions.
  • The United States Department of Labor, for example, has produced a list of 136 goods produced in 74 countries using forced labour, child labour, or both.
  • Many leading companies already understand that their strategies shape the lives of millions. The most forward-thinking believe that business is an integral pillar of society and recognise that the people they rely on at home and abroad are central to building sustainable and lasting businesses.
  • And since mandatory disclosure requires all multinationals to take notice and action rather than just the industry leaders, this ultimately helps level the playing field.
  • Some believe supply chain transparency laws do not constitute any real change from the prevailing corporate-driven model for CSR, while others oppose increased regulation and oversight as unnecessary state intervention, believing that industry led efforts have the best chance of success.
  • it is a combination of corporate leadership and regulation in this area which will help ensure all market participants rise to acceptable standards.
  • The trend away from voluntary reports towards mandatory social reporting for global corporations is here to stay and may represent a first step towards increased legislative requirements
  • No matter where one believes the solutions lie, the ultimate goal is a global economy free from forced labour, trafficking and other abuses. For the millions of victims who go out into the world seeking work in the hope of building better lives, we must commit to seeking the best path forward.
John B

The Chevy Volt's $89,000 production cost: A waste of money? - The Week - 0 views

theweek.com/...oduction-cost-a-waste-of-money

Production cost

shared by John B on 17 Jan 14 - No Cached
  • the environmentally friendly Volt's base price is about $40,000, says Reuters, production costs per vehicle run a stratospheric $89,000 — given the car's pricey lithium-polymer batteries, hybrid gas-electric engine, and next-age electronics. That means GM is losing $49,000 for each Volt it sells.
  • No. The investment in the Volt will pay off: The Volt represents "a long-term investment" that is helping GM become a car company of the future
  • Yes. The Volt will never be profitable: The Volt's high production costs "prove that the innovative plug-in hybrid is impractical and will probably never be more than a niche product,"
  • ...1 more annotation...
  • The Volt demonstrates to consumers that the "reinvented company is capable of producing a high-tech, fuel-efficient car," and the Volt's technology "will almost certainly find its way into" other cars in GM's lineup.
  • John B on 17 Jan 14
     
    This article is about a car made by General Motors. The company have, if we look at this as in the way that the car will never be profitable, made a huge mistake of miscalculating the costs and profits earned from the car. But if we look at it as if the car would be profitable, they might have thought of making a good car that will sell easily. It is a car that is environmental friendly, and this will affect the cars coming up in the same series. It will then be more of a long-run investment.
Mariam P

Robusta coffee going the arabica way,prices fall below cost of production on good crop ... - 0 views

economictimes.indiatimes.com/...25286762.cms

production costs

shared by Mariam P on 18 Jan 14 - No Cached
  • Mariam P on 18 Jan 14
     
    This article is about the fall of the price of robusta coffee. The largest producer of robusta coffee, is pushing prices down in the global market.And they believe that the output will increase. As there is an oversupply, the stock is likely to be sold at a discount before the harvest for the next crop begins.
John B

A Fair, Free Market Or The Copyright Monopoly? - Falkvinge on Infopolicy - 0 views

falkvinge.net/...rket-or-the-copyright-monopoly

Monopoly

shared by John B on 09 Feb 14 - No Cached
  • The copyright industry likes to pretend that making copies is somehow “stealing” and that on a fair and free market, everybody would be forced to buy from them.
  • the copyright industry deliberately confuses the goods that they offer for sale with the service of duplication, which is a completely different kind of offering. The service of duplication is what’s on an immoral, anachronistic monopoly, not the goods themselves.
  • In my world, and in a fair and free market, any entrepreneur or executive that claims a moral right to prohibit others by law from competing with them can fuck off and die.
  • John B on 09 Feb 14
     
    this article wants to tell us that the copyright monopoly is something bad. That it slows down the development in the future. Personally, I would say that this article is not thought through since it is contradicting and use language like "can fuck off and die". The writer aims a lot on the right of duplicating, and that copyright monopoly stands in its way for that. I would say that duplicating something that a company has put a lot of money and time on, would not be morally right, because the one that is duplicating it will spend a very little fortune and time on doing this compared to the real producers. It is actually a pretty bad article, it feels like the writer tries to promote the duplication right of copying movies, programs, etc. and then share it on for example pirate bay.
Pietro AA

Propane Distributors Seek to Boost Demand With Lawn Mowers - WSJ.com - 0 views

online.wsj.com/...3608504579022591252458258.html

demand propane lawn mowers

shared by Pietro AA on 27 Sep 13 - No Cached
    • Pietro AA
      Pietro AA on 27 Sep 13
       
      The propane economy had problems after the natural gas industry introduced a cheap and comfortable energy source. Clearly propane and natural gas are substitute goods. This article discusses how the propane industry seeks profit by helping a complimentary product: propane lawn mowers. If one buys a propane land mower he obviously then has to buy propane.
    • Pietro AA
      Pietro AA on 27 Sep 13
       
      Here is another way the propane industry seeks a greater demand: exporting. More people will certainly want the propane.
  • Propane Distributors Seek to Boost Demand With Lawn Mowers
  • ...5 more annotations...
  • The propane industry has set its sights on that symbol of American middle-class achievement: the lawn mower
  • Blame it in part on the natural-gas drilling boom, which has left distributors scrambling to find new ways to increase demand for propane
  • By promoting the benefits of propane lawn mowers—which have lower emissions, are cheaper to run and last longer—the group is betting it can grow to a 3% share of all commercial mowers sold in the U.S. by 2016 from 1% now. That would goose propane consumption by the machines to 23.8 million gallons by 2016 from about 7.9 million gallons this year.
  • How much the push into lawn mowers will help propane retailers remains to be seen.
  • In addition, the U.S. has become a net exporter of propane in recent years—supplying countries such as Mexico, Brazil, Ecuador and Chile with propane for residential heating and cooking
  • Pietro AA on 27 Sep 13
     
    Propane producers try to gain more by selling more. But they need a greater demand. Since natural gas and propane are substitute goods, and the natural gas industy has recently boomed, propane lost a lot of demand. So "propane distributors seek to boost demand with land mowers" and by exporting these two complementary products to other countries.
Haydn W

Broadcasters failing to keep up with 3D TV demand - Telegraph - 0 views

www.telegraph.co.uk/...keep-up-with-3D-TV-demand.html

Demand The Telegraph 3D TV Technology Sales

shared by Haydn W on 28 Sep 13 - No Cached
  • 60 million 3D TVs are expected to be sold in 2013, and this figure is set to rise to 157.7 million by 2017, accounting for 58 per cent of all TVs sold across the globe
  • broadcasters' approaches to delivering 3D content differ widely
  • In the UK, with BSkyB has reaffirmed its commitment and Virgin Media increased its range of 3D broadcasting, while the BBC has postponed trials, which they have decided to conclude by the end of this year and will make no further 3D programmes for 3 years
  • ...4 more annotations...
  • 3D content will become increasingly restricted to premium and on-demand offerings.
  • the unique appeal of 3D to the consumer is that it offers greater immersion in content
  • A number of major broadcasters are now diverting investment to other initiatives, such as 4K and multi-screen content delivery.
  • Futuresource Consulting added that the market for 3D cinema remains stable.
  • Haydn W on 28 Sep 13
     
    This article shows how the demand for 3D TV's is increasing but broadcasters continue to not offer much 3D content to their viewers. 3D TV's were predicted by many to be a commercial failure, as the home experience is said to be not as good as the cinema experience but demand has continued to rise among consumers. Broadcasters however are not so keen to provide 3D content as they have their ever changing gaze to future investment in 4K technology in the continuous attempt to keep up with the relentless pace of modern technology.
  • Yassine G on 28 Sep 13
     
    I think that one of the reason that will not allow 3D technology to get popular is its very high cost. This is not only for consumers who are buying the TVs and Glasses, but also for producers. IT is an extra cost, without an extra profit.
Marenne M

Apple's 9 million iPhone weekend: The good and bad - CBS News - 1 views

www.cbsnews.com/...phone-weekend-the-good-and-bad

Demand

shared by Marenne M on 30 Sep 13 - No Cached
Clemente F liked it
  • the stock closed last Friday at $467, well off the 52-week high of $705
  • 5C as an attempt to shore up the low end of the market
  • expand market share
  • ...6 more annotations...
  • price of the 5C, starting at $99 for what a U.S. consumer would pay with a two-year service commitment with a mobile carrier, was nowhere near low enough
  • more price sensitive
  • missed its opportunity to improve its standing in such important markets as China and India
  • a small share would be a significant boost over previous years
  • sold out virtually everywhere
  • old out customer satisfaction and convenience to fuel its need for PR
  • Marenne M on 30 Sep 13
     
    This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.
  • Marenne M on 30 Sep 13
     
    This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.
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