Group items tagged

This bring cross elasticity to a whole new level. Now that the elections in the US are done, it's sometimes hard to remember just how crazy campaigning can get. Candidates will grab at whatever statistics or new bits of knowledge that tell them how they're doing in the polls and or what they need to do to get ahead. This year, one of their focuses is...what kind of soda we drink? That's right, because cross elasticity is all about how two product correlate and the correlation between the president elect and your favorite soda has only like, what, 20, 30 degrees of separation? And you'd be surprised just how many other details of your life they'll look at to see where their target audience is. And these guys aren't the only ones trying to get an edge from such seemingly irrelevant information...

This article shows examples of price control because it talks about how the indian government has lowered prices on most major drug brands there. This hurts india because there are less investors.

Well, the Saudis are going green, and GE's heading the project. Not only does this show the greater demand across the world for cleaner energy and better health coverage, but this is also a big PR move for GE. There's a lot of politics that go into selling your product, constantly trying to make as many people as possible feel like you're on their side, like you agree with them. Whether it's for the sake of increasing profits or if GE really does care we may never know, but a decision like this helps brand loyalty and will bring in more customers than it loses.

This article talks about the protests of China against the Japanese goods. It states that both countries are economically independet, however China adores Japanese brands. It all started out with Japan having their factories in China, since theres a lower production cost. Now that China protests it will move the firms into other countries, such as Thailand.