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Is the Consumer really the King in India?@ : Home > Group Discussion > Economics - Discussion Room |
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Seetharam said: (Sat, Oct 20, 2012 10:58:34 AM) | |
Yes, Consumer is a king, As the customer decide's the seller, quality, place to buy the product's changes the business of individual Seller, when it come's to aggregate seller, the thought will shortly differ's.
Apart from this, there will be some other instances which survive's the producer in the market. Income of public is also place's a very crucial role in change's in demand for the product.
A Peon who is coming in cycle to office will decide's to purchase the Bike after he got promotion as a clerk. Now, the demand of cycle industry reduce's and the demand shift's to Bike Industry. It may be any Bike but the demand for Bike Industry Increases. Here, we are not talking about one Peon, we can take into consideration the person who is in low level in any company, Likewise, the person who is a clerk already using the bike will take the car once he/she became the manager. And hence, here also demand shift's from bike industry to car industry. By this we can clearly say that economy is the king.
Seller's will always say customer's are king and do all the activities & action's to attract the customer. Let we think about our human behavior, we always wish to make friendship with the king's not with the beggar's right, It's true we show some mercy, but, we always...