5 ms·

I love staying at those hotels. In fact, I wish hotel rooms were commodities that competed on two factors: cleanliness and quietness. Everything else to me is f

by Helmet 9y ago

I love staying at those hotels. In fact, I wish hotel rooms were commodities that competed on two factors: cleanliness and quietness. Everything else to me is frivolous, as I'm not interested at all in spending any time in a hotel outside of the time it takes me to get ready in the morning and sleep at night.

dragonwriter 9y ago
> In fact, I wish hotel rooms were commodities that competed on two factors: cleanliness and quietness. A commoditized market has products, by definition, that compete on one factor, price. If you care about cleanliness, quietness, or other qualitative features being areas of active competition, you don't want a commoditized market.
- Retric 9y ago
  Commoditized market does not mean lack of options or low quality goods. It just means the differences are predefined aka it's X octane gas without lead and a bunch of other things that you don't need to see on the pump. People don't just buy generic meat they buy Grade A (means something) Prime Rib (means something) Angus Beef (means something).
  - dragonwriter 9y ago
    > Commoditized market does not mean lack of options or low quality goods. No, but it does mean that goods are perfect substitutes that compete only on price, although it is a condition which in practice is approximated more often than actually attained. > People don't just buy generic meat they buy Grade A (means something) Prime Rib (means something) Angus Beef (means something). Right. "Meat" isn't even approximately a commodity. A particular cut and grade might be approximately a commodity (though makers will actively seeking to decommoditize it by building brands; no one wants to sell into a commodity market, since basic economics mean that competitive factors will drive market prices in such a market down to producer costs and eliminate profits.)
    - deleted 9y ago
      [deleted]
    - deleted 9y ago
      [deleted]
kmonsen 9y ago
Safety as well!

by Helmet 9y ago

dragonwriter 9y ago

> In fact, I wish hotel rooms were commodities that competed on two factors: cleanliness and quietness. A commoditized market has products, by definition, that compete on one factor, price. If you care about cleanliness, quietness, or other qualitative features being areas of active competition, you don't want a commoditized market.

Retric 9y ago
Commoditized market does not mean lack of options or low quality goods. It just means the differences are predefined aka it's X octane gas without lead and a bunch of other things that you don't need to see on the pump. People don't just buy generic meat they buy Grade A (means something) Prime Rib (means something) Angus Beef (means something).
- dragonwriter 9y ago
  > Commoditized market does not mean lack of options or low quality goods. No, but it does mean that goods are perfect substitutes that compete only on price, although it is a condition which in practice is approximated more often than actually attained. > People don't just buy generic meat they buy Grade A (means something) Prime Rib (means something) Angus Beef (means something). Right. "Meat" isn't even approximately a commodity. A particular cut and grade might be approximately a commodity (though makers will actively seeking to decommoditize it by building brands; no one wants to sell into a commodity market, since basic economics mean that competitive factors will drive market prices in such a market down to producer costs and eliminate profits.)
  - deleted 9y ago
    [deleted]
  - deleted 9y ago
    [deleted]

kmonsen 9y ago

Safety as well!