Thursday March 7, 2024
While you talk about the quality of your wares, you have your cheaper competitor where he cannot touch you. The breach between you is longer than his arm. When you begin to talk about prices, you are absolutely at his mercy. There is hardly anything in the world that some man cannot make a little worse and sell a little cheaper, and the people who consider price only are this man’s lawful prey. This is the doctrine of commercial foreordination, against which it is useless to contend.
Read the origin of some man cannot make a little worse.
here and reflect on what we are learning from Stanley Marcus about his vision for Neiman Marcus.
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