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Fred cuts marketing by 25%
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 460845" data-attributes="member: 12570"><p>RR, this is how Wikipedia defines economic value:</p><p></p><p>Value is linked to <strong><a href="http://en.wikipedia.org/wiki/Price" target="_blank">http://en.wikipedia.org/wiki/Price</a></strong> through the mechanism of exchange. When an economist observes an exchange, two important value functions are revealed: those of the buyer and seller. Just as the buyer reveals what he is willing to pay for a certain amount of a good, so too does the seller reveal what it costs him to give up the good.</p><p></p><p>I also don't make purchases based on ads but instead purchase based upon value and past experience or perhaps the experiences of others. Marketing is simply one of the input variables that I use when gathering information prior to making a purchase.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 460845, member: 12570"] RR, this is how Wikipedia defines economic value: Value is linked to [B][URL]http://en.wikipedia.org/wiki/Price[/URL][/B] through the mechanism of exchange. When an economist observes an exchange, two important value functions are revealed: those of the buyer and seller. Just as the buyer reveals what he is willing to pay for a certain amount of a good, so too does the seller reveal what it costs him to give up the good. I also don't make purchases based on ads but instead purchase based upon value and past experience or perhaps the experiences of others. Marketing is simply one of the input variables that I use when gathering information prior to making a purchase. [/QUOTE]
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