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Posts Tagged ‘Arbitary Coherence’

Any portable electronic device runs on the same model of product life cycle. Then why BOSE still in the growth phase of the cycle? Reason: In past, we have witnessed the declining moment of Zune, Creative Labs, and even iPod. But Bose, among all, have created a market niche that makes it difficult for any [...]

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When a new product is created, it has an arbitrary price i.e. it could be anything. It is up to the company to set a price, which would decide its future price (coherence). Also, with the change in supply and demand, the price could get change. Here are some examples to explain this interesting concept. [...]

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