I was sincerely wondering about Product prices and it's characteristics over the last few years. Is Inflation applicable to all Products?? i guess NO00oo.
Below is one major example which i came across in my life:
Drinking water vs Newspaper: In the good old days we used to get quality drinking water for free, today can you imagine that? hell NO. Today we have a situation in where most cities have polluted river and ground waters. There are various drinking water solutions available to us in the name of brands or types like Mineral water, Distilled (De-Mineralised) and Spring water. Can this be called Inflation???? or just that our standard of living has risen up. On the contrary there is the example of newspapers. Most newspapers were very expensive to buy some 10 years ago but today thanks to the Print advertising that has made newspapers super cheap and now it doesn't really cost a dime. Can the reduction in the prices of newspapers (print) be called as Deflation? I don't think so.
My Insights: In Marketing perspective, there is one answer for it. Every product has a Product lifecycle. In the initial stages of a product coming into a market, the product will be expensive due to various reasons like low consumer base, high R&D costs and low economies of scope. When the number of people adopting a product tends to go high, the product prices lessen down. In the event that if the prices doesn't go down during the product lifecycle, the product will start having substitute products. Example: Petroleum/Diesel fueled cars are trying to be replaced with Electric cars. Gold jeweleries are trying to be replaced by Platinum,Silver or other precious metals. Print Media was replaced by substitutes like TV/Online Media and also operational efficiencies of Print Media improved over years. That is the precise reason why Print Newspapers are cheaper these days than before. Of course more people in today's world are educated than ever before which improves economies of scale for newspapers. On the very contrary Bottled Water business is relatively still early in it's lifecycle and the fresh water resource itself is limited depending on the geographic location. The print Media got cheaper to produce due to the recycling of paper technology. The bottled Water business is yet to be hit with a big technological innovation like that. Will the sea water recycling technology be the one the disruptive technology to bring the prices down? Possibly.
There is no hard fast answers for the above dilemmas but it is a way look at things. Please feel free to post your comments.
Regards,
Keshav
Sunday, October 14, 2012
Saturday, June 12, 2010
BEING HAPPY DEPENDS ONLY UPON YOURSELF.
Life seems too much empty somtimes,it does not seem to have much in it.somtimes we feel that there isnt enuf in comparsion to what we deserve.Do u knw nw y a average guy or gal isnt happy about thier life tese days.my personal opinion becos he/she depends upon an external factor,humane or materials to keep themsleves happy.So u may ask so wat knw.
Being self-dependent on emotional requirements makes a man stronger in thinking and taking wise decsions.Todays world is not kind to any people.Being self-introspective,self-incarnating,self-enthisiastic,self-reliant is the key to better living.
have a better life!!!!!
Wednesday, June 10, 2009
HOT COLLEGE INFO NEWS:
hey people i know many students who wud b running amuck to search a right college for them.tis wud b gr8ly useful to u.
Top 10 Engineering colleges in chennai:
1.IIT. 2.CEG,Guindy. 3.SSN. 4.SRM.(!!!hey here is where i study!!!) 5.SAI RAM. 6.VENKATESWARA. 7.EASHWARI,CRESENT. 8.SATHYABAMA,ST.JOSEPH,PANIMALAR. 9.VELLAMAL,RAJALAKSHMI. 10.HINDUSTAN & KCG.
The first 3 places are correct positions but others are indicative,not ranked in the correct order. These are the Engg.colleges that came to my thought that is good in chennai....Ofcourse there are other colleges also.... Anyway it's upto you to choose....Good luck for your future....
hot entreprenuership options:
HEY PEOPLE,IVE GOT SOME HOT ADVICE FROM EXPERTS ABOUT WAT NEW SMALL SCALE
BUSINESSESS THAT U CAN DO:(jus browse thru to knw wat is wat)
Mother and toddeler groups: In India you have lots of playgroups for the kids... but what about the poor mothers who run around the kids all the time..Y NOT START A MOTHER AND TODDLER GROUP..!!
these groups are for those mothers who jus need a break... here there will be ppl to take care of the naughty little ones and the mothers can do what interests them the most...TALK,,,! jus kidding...
These groups acts as a platform to vent your feelings out in a group with similar minded people ..u can discuss your problems or things bothering you...or jus spend time for urself...there can be libraries..u can even hv painting or language classes...so the mothers need not feel they r away from the kids at the same time they can have some quality time for themselves...
Wednesday, June 3, 2009
HOT EDUCATION NEWS:
TIS IS WAT I KNOW ALL ABOUT DOIN AWAY WITH EXAM FEAR!!
The are two ways to get rid of exam fear ...and believe me they both work :
1)to prepare completely in advance,before the eve of the examination.
2)to not be bothered at all whether you pass or fail the examinations,and not be affected at all by the results.
you'd probably be better off with option 1. and even if you cant do this and you just start your studying a day before the exam(like me) then rather than studying perfectly, a section of your portions, i'd suggest you glance through your entire syllabus three to four times.you'll be surprised to know all the answers at the end of just three-four readings or glances..that way , you know a wider portion of whats likely to be asked , and thers more probability of asking questions ,whose answers you know.
The are two ways to get rid of exam fear ...and believe me they both work :
1)to prepare completely in advance,before the eve of the examination.
2)to not be bothered at all whether you pass or fail the examinations,and not be affected at all by the results.
you'd probably be better off with option 1. and even if you cant do this and you just start your studying a day before the exam(like me) then rather than studying perfectly, a section of your portions, i'd suggest you glance through your entire syllabus three to four times.you'll be surprised to know all the answers at the end of just three-four readings or glances..that way , you know a wider portion of whats likely to be asked , and thers more probability of asking questions ,whose answers you know.
HOT DATING TIPS!!!(I KNW U WUD LYK IT)
Being a real Boyfriend.!!!!!!!!!!
Guys, i know hearing advise from other guys kinda bites at our egos, but here it goes.
If you truly love your girl, you have to believe and know that she is the most important person in the world to you. She is what makes your world go round. You have to let her know that.
She isn't the most important "thing", shes your most important person in the world. Your girlfriend is not a object to be won, to have to use, she is a person in your life who is to be loved and treated as so.
If you treat her like she is the most important thing in the world, then you dont need any dating tips.
Guys, i know hearing advise from other guys kinda bites at our egos, but here it goes.
If you truly love your girl, you have to believe and know that she is the most important person in the world to you. She is what makes your world go round. You have to let her know that.
She isn't the most important "thing", shes your most important person in the world. Your girlfriend is not a object to be won, to have to use, she is a person in your life who is to be loved and treated as so.
If you treat her like she is the most important thing in the world, then you dont need any dating tips.
!!!INDIAN STUDENTS ATTACKED!!!
\\\\\\\\\\ IS AUSTRALIA RACIST??????//////////////
Racial assaults continue unchecked in Australia. On Monday, a Sikh gurdwara was vandalized in Shepparton, a small town 90km north of
Melbourne.
Racist graffiti and swastikas were scribbled on its walls, eggs thrown at it and the fencing around the gurdwara smashed by a car. On Tuesday, another Indian student was stabbed in the chest by a box-cutter knife on his way to college in east Melbourne.
Meanwhile, Australia set up an inquiry committee to look into the attacks even as Union minister for overseas Indian affairs Vayalar Ravi said his ministry would prepare and maintain a register of all Indians studying abroad and streamline campus placements to foreign universities.
Nardeep Singh, a 20-year-old from Ludhiana, was assaulted in a car park. The five attackers initially asked for cigarettes. When the student replied he was a non-smoker, they asked for money. On refusal, one of them stabbed him in the chest. Nardeep is a student of nursing at the Chisholm Technical Institute.
Singh, who had arrived in Australia only a month ago, fled to the police station where his statement was recorded. He is under observation in a Melbourne hospital.
Racial assaults continue unchecked in Australia. On Monday, a Sikh gurdwara was vandalized in Shepparton, a small town 90km north of
Racist graffiti and swastikas were scribbled on its walls, eggs thrown at it and the fencing around the gurdwara smashed by a car. On Tuesday, another Indian student was stabbed in the chest by a box-cutter knife on his way to college in east Melbourne.
Meanwhile, Australia set up an inquiry committee to look into the attacks even as Union minister for overseas Indian affairs Vayalar Ravi said his ministry would prepare and maintain a register of all Indians studying abroad and streamline campus placements to foreign universities.
Nardeep Singh, a 20-year-old from Ludhiana, was assaulted in a car park. The five attackers initially asked for cigarettes. When the student replied he was a non-smoker, they asked for money. On refusal, one of them stabbed him in the chest. Nardeep is a student of nursing at the Chisholm Technical Institute.
Singh, who had arrived in Australia only a month ago, fled to the police station where his statement was recorded. He is under observation in a Melbourne hospital.
Subscribe to:
Posts (Atom)
