The cultural differences between the East and the West sometimes stem from the natural environment, but they are generally believed to arise from differences in thinking. In other words, Asians tend to understand relationships and similarities by grasping the context of certain events and situations, while Westerners often focus on rules and categories by concentrating on objects. Therefore, Asians believe that even beings far apart influence each other, and Westerners believe that a certain phenomenon occurs only when they are in direct contact. However, the irony is that the West, not the East, has communicated over long distances using invisible magnetic fields or radio waves. The consistency of phenomena does not always produce the same results as expected. - Joseph’s “just my thoughts”
In an exchange economy , where goods or services are well-made and exchanged for one another’s needs in the market, rather than through barter , ‘ price ’ holds significant importance. The key to business success lies in understanding the prime cost and establishing a ‘price’ based on that cost. If sales surge when a product that typically does not sell well is offered at a very low price, there must be a reason for the low price, as well as an explanation for why it does not sell at a higher price. The price results from the interaction of producers, consumers, and all other market variables . To identify the causes of problems in your business, you must first examine the price adequacy of the product or service you are selling. Price is not merely a number. - Joseph’s “just my thoughts”