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The solution to number one is more competition: a new company willing to take smaller margins to gain market share.
by TulliusCicero 1y ago
The solution to number one is more competition: a new company willing to take smaller margins to gain market share.
- DangitBobby 1y agoSeems like all the new entrants would rather compete at the high end.
- TulliusCicero 1y agoThere's often companies willing to compete with small margins. For example, grocery store business is already known for small margins in the US, and one of the recent winners that's been expanding a lot is Aldi, which is known for its consistently low prices, so it's unlikely their margins are any better.
- jazzyjackson 1y agoEconomies of scale says before you can build a cheap car you must first be a large company
- TulliusCicero 1y agoOne possibility is companies that are already established overseas entering the US as a new market for them.