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.
Peter DruckerAbout author
- Author's profession: Businessman
- Nationality: american
- Born: November 19, 1909
- Died: November 11, 2005
Related Authors
Topics
Quotes currently Trending
The time has come to tell the truth. Again. There is no love without justice. Men and women who cannot be just deny themselves and everyone they choose to be intimate with the freedom to know mutual love. If we remain unable to imagine a world where love can be recognized as a unifying principle that can lead us to seek and use power wisely, then we will remain wedded to a culture of domination that requires us to choose power over love.
Bell Hooks