Businesses can either be price setters or price takers. In a fiercely competitive environment where there is perfect competition, businesses are mostly price takers.
Customer:
"How much is this?"
Shop:
"$20.00"
Customer:
"Aiyoh, internet selling $10.00 only."
Shop:
"Oh... OK, $10.00."
If I were the shop owner and if this were to happen on a daily basis, I have something to worry about
Centurion Corporation Limited and pricing power.
![Centurion Corporation Limited and pricing power.]()
Reviewed by Unknown
on
May 19, 2017
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