Sep
30th
2007
Just Say No to Cheap Profits
Classic post from Brad at Consumption Rules:
Profits I can understand. Cheap profits I cannot. Profits are the normal mark-up on products or services that add value.
Cheap profits are money that a business takes in without adding any extra value. They leave a bad taste in everyone’s mouth except for the owner of the company who uses the money to buy mouthwash to wash away the aftertaste.
Read the whole thing.
One Response to “Just Say No to Cheap Profits”
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This sounds like a principle that many managers of BYU housing exploit successfully.