Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.
Name: Peter Drucker
Topic: Power
About: NA
Other topics from this author: best business change communication computers education future good happiness knowledge leadership learning money power strength teacher technology time trust work
At Awiseguru, our mission is to empower people to live a better life by helping them in their lives or businesses focus on people, not on paperwork..Read More.....
Usage of awiseguru.com to upload content which is inappropriate or which enables targeting by religion/community/caste/race is prohibited. Please report inappropriate content by writing to us at [email protected] to report.