202
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Feb 2024
202 points (98.1% liked)
Technology
59456 readers
3862 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Pricing is only effected by the willingness of the consumer. That’s all.
If you’re willing to pay $100 a month, Netflix will charge $100 a month.
Yes, only the willingness of the consumer. And also profits required by investors and shareholders. And the ability to supply the product and the required ongoing costs. And the costs of licensing.
But yeah, only the willingness of the consumer affects prices. Yep. Losing money that the consumer is willing to pay to a middleman wouldn't have any affect on long term pricing.
Nope.
If a consumer is unwilling to pay the price, then none of the other stuff matters. It’s very simple to understand - in order for a company to be profitable after expenses, such as product development, whatever ongoing cost, etc. - if the consumer is unwilling to pay the price for the product or service, than there is no business. It is up to the business to find a way to run their company for a profit.