3 ms·
> There is a complete lack of asking why The answer to this seems obvious to me. Buyers seek the lowest price, so sellers are incentivized to cut their cost o
by lotsofpulp 2y ago
> There is a complete lack of asking why
The answer to this seems obvious to me. Buyers seek the lowest price, so sellers are incentivized to cut their cost of goods sold.
Investors seek the highest return on investment (people prefer more purchasing power than less purchasing power), so again, businesses are incentivized to cut their cost of goods sold.
The opposing force to this is buyers prefer higher quality to lower quality.
The tradeoff between these parameters is in constant flux.