When building a wall with stones, the large stones are stacked, the small stones are filled in the gaps, and the spaces between the stones are filled with smaller stones and the final layer of sand. Although the elements that make up the wall vary in size, their roles are fixed, and each performs its part. None of them is useless. Management is the act of bringing together different characteristics and harmonizing them into one. There is no one worse than me; there is only me who ignores others. - 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”