4 ms·
You are right, but I think it applies in smaller increments. To get back to bread, selling fancy cakes for 10$ and not 4$ might not seem a big deal, but it can
by makeitdouble 5y ago
You are right, but I think it applies in smaller increments.
To get back to bread, selling fancy cakes for 10$ and not 4$ might not seem a big deal, but it can be enough to upgrade all the ingredients while staying in your comfort zone skill wise.
The competition gets smaller, and while you’re now priced the same as some superstar shops, you clients will still be happy if it’s clearly better than the 4$ cakes next door.
In a way NBA is a regulated market, most markets don’t behave that way.