Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.

Peter Drucker
Some Similar Quotes
  1. The Simple PathSilence is PrayerPrayer is FaithFaith is LoveLove is ServiceThe Fruit of Service is Peace - Mother Teresa

  2. So long as we love we serve; so long as we are loved by others, I would almost say that we are indispensable; and no man is useless while he has a friend. - Robert Louis Stevenson

  3. Want to keep Christ in Christmas? Feed the hungry, clothe the naked, forgive the guilty, welcome the unwanted, care for the ill, love your enemies, and do unto others as you would have done unto you. - Steve Maraboli

  4. Love is not patronizing and charity isn't about pity, it is about love. Charity and love are the same -- with charity you give love, so don't just give money but reach out your hand instead. - Mother Teresa

  5. The first question which the priest and the Levite asked was: 'If I stop to help this man, what will happen to me?' But...the good Samaritan reversed the question: 'If I do not stop to help this man, what will happen to him? - Unknown

More Quotes By Peter Drucker
  1. People often overestimate what they can accomplish in one year. But they greatly underestimate what they could accomplish in five years.

  2. The only way to predict the future is to create it

  3. The most important thing in communication is hearing what isn’t said.

  4. One should waste as little effort as possible on improving areas of low competence. It takes far more energy and work to improve from incompetence to mediocrity than it takes to improve from first-rate performance to excellence.

  5. Whenever you see a successful business someone once made a courageous decision.

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