Founder & CEO at Bui... • 9m
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.
Honorary Mentions - ... • 1y
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 MoreWeb Developer | Entr... • 2m
hello everyone, Imagine AI Agents got more advanced and Is now capable of performing tasks like development, Designing,etc by there own without any human intervention.. that will make the supply of that work unlimited and Cheap.. So will it bring
See MoreFounder @KraftBags.s... • 1y
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 MoreCHAI PIYO MAST JIYO • 6m
tea Market update right now prices of tea have come down drastically although still durga puja the prices were sky high but know very so if anyone willing to cone in this market can buy but quality is also as low as price but good quality tea are als
See MoreDownload the medial app to read full posts, comements and news.