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Is "charging so little you can't cover your rightful costs" bad at business? Then yes, I believe that Spotify is bad at business. Hypothetically, my profit mar
by pwinnski 6y ago
Is "charging so little you can't cover your rightful costs" bad at business? Then yes, I believe that Spotify is bad at business.
Hypothetically, my profit margin making widgets would be better if I could just pay my raw material provider half-price. I could pay them half-price, add, say, another one-third of that to cover other costs and overhead, and probably dominate the market since I could charge less for my widgets than any competitors who have to pay the full raw material costs.
Again, bad at business? Depends on who you're asking.