Login

Post on Medial

Ansh Kadam

Stealth • 2m

Why Nike Jordans become expensive as they get older, and how Nike pulls it off by controlling price elasticity & clever marketing. We will understand price elasticity with a very small & simple example See, how high or low the price of any product will go, depends on the demand fluctuation of that product. Like suppose, a lot of people who drink tea come in the market today! So what will happen? The price of tea-leaves will increase, because the supply is limited, but the buyers has increased. But if some of them stops taking tea then the price will come down a little! It won't drops significantly. If in case, a lot of people stop taking tea then in that case, the price will drop significantly. Right? But it doesn't happen with Jordans. See, the demand of Jordans in the market is already very high! And even if there is less demand, or even if the demand drops to 0, still Nike will never decrease the price of Jordans. Means that, they don't give discount. Now what happens because of this? Due to this, people get a signal in their mind that no matter what happens the price of Air Jordans will never decrease. And because it never decreases then buying them is a right decision! That is the reason, no matter how much the demand is, Nike doesn't decrease the price the people keep their trust on Jordans that their price won't decrease. Share this value with someone who may need it.

4 replies21 likes
4
Replies (4)

More like this

Recommendations from Medial

Image Description
Image Description

Rahul Adpawar

Stealth • 6m

What do you think about use of paper in colleges and government offices? Will the demand of paper increase or decrease in next 5 years?

7 replies5 likes
Image Description
Image Description

Shrinivas Bhalerao

Stealth • 6m

Do you know about this place?? The Tea Factory and Tea Museum in Ooty, is one of the best place I visited in South where the museum showcases the evolution of tea processing and the cultural significance of tea and visitors can witness the tea-makin

See More
4 replies12 likes
1

Sourav Chaki

Stealth • 7m

Only cup of tea that he can sip.

0 replies2 likes
Image Description
Image Description

Dev Prakash Pandey

Stealth • 3m

Phil Knight wrote this manifesto in 1977 for Nike. But some people say that Phil didn't write this. Rob Strasser did, In 1977 out of frustration of how nike was performing at that time But it shows the power of manifestation.

3 replies12 likes
2
Image Description
Image Description

Rajan Paswan

Stealth • 5m

The Story of the Banned Air Jordans [Controversial Marketing by Nike] The NBA's Shoe Color Rule: In the 1980s, the NBA required players' shoes to be at least 51% white, matching their team's uniform to maintain a standardized look on the court. Mic

See More
4 replies13 likes
Image Description

SHIV DIXIT

Stealth • 7m

Idea for you implement now So guy's we all know that ,we Indian's love tea so much but currently we don't have much options for tea and tea is getting old and people shifting towards coffee and other beverages because tea is not looking so good in

See More
1 replies10 likes
2
Image Description
Image Description

BHUPPESH WAGGH

Stealth • 7m

Hey founders please guide me..... I have started my tea business in which we sell tea by mixing Ayurveda ingredients. The specialty of our tea is that it can reduce the health problems caused by tea. So I don't understand how to market it on social m

See More
3 replies2 likes
Anonymous
Image Description
Image Description

Anonymous

Stealth • 6m

What will be the future of data science and ML?? Will demand increases or decreases??

3 replies3 likes
Anonymous

Anonymous

Stealth • 4m

Nike is releasing sneakers with a blue screen of death. 🔵👟 The SWOOSH x Nike Air Force 1 Low "404 Error" pair, referencing the 404 error, will cost $150. The drop is scheduled for summer. 🛠️💸 Techies are throwing money at their screens. 💻💸

0 replies3 likes
Image Description
Image Description

Nirmal Jangid

Stealth • 7m

Who thinks in future the demand of electrition will raise in modern cities

7 replies8 likes

Download the medial app to read full posts, comements and news.