A Quote by Alfred P. Sloan
Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses.
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Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses
Whereas a competitive firm must sell at the market price, a monopoly owns its market, so it can set its own prices. Since it has no competition, it produces at the quantity and price combination that maximizes its profits.
You've got to realize that in any competition there is always a winner and loser. When it turns out that you're the loser on a given day, you can be a graceful loser, but it doesn't mean that you're a loser in the sense that you're willing to accept losses readily. Concede that on that day you weren't the best and that you were beaten in competition. But that should make you more dedicated and hard working. It's wrong to accept defeat as a loser. Be graceful about losing, but don't accept it.
The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.
If we accept, as we must, the theory of the indestructibility of matter, no less must we accept the indestructibility of the spirit with which matter is informed.
I accept that today may be imperfect... I accept that I may be as well. What I don't accept is that imperfection should be the crutch I use to excuse myself from participating in joy.
With less competition to fear, companies are emboldened to raise their mark-ups and profits. That lifts share prices and thus the wealth of already wealthy shareholders.
Don't accept less than what it is that you know that you want. Don't allow someone to be a jerk. Don't allow someone to disrespect you. Listen to the bigger voice in your head telling you that you deserve the best, whatever that is whatever that is you decide you like for yourself. It may differ from what I like or what is ideal for me. But the bottom line is to never accept less than what you know you deserve.
I encourage courtesy. To accept nothing less than courtesy, and to give nothing less than courtesy. If we accept being talked to any kind of a way, then we are telling ourselves we are not quite worth the best. And if we have the effrontery to talk to anybody with less than courtesy, we tell ourselves and the world we are not very intelligent.
It is difficult for some people to accept that love is a choice. This seems to run counter to the generally accepted theory of romantic love which expounds that love is inborn and as such requires no more than to accept it. This theory believes that love is a magical force which frees us from all suffering and solves every problem, that it is an end unto itself. To a limited extent, there may be some truths to each of these beliefs, but having the capacity to love is not the same as having the ability to love.
We may well have a competitive advantage buying decent businesses at decent prices. But they won't be fabulous businesses and fabulous prices. There's too much competition and money out there, with many buyout specialists.
We are so accustomed to the miracle of private enterprise that we habitually take it for granted. But how does private industry solve the incredibly complex problem of turning out tens of thousands of different goods and services in the proportions in which they are wanted by the public? ... It solves these problems through the institutions of private property, competition, the free market, and the existence of money - through the interrelations of supply and demand, costs and prices, profits and losses.
Everything we did was done in form and with propriety, and the result of our proceedings is the document [the Quebec Resolutions] that has been submitted to the imperial government as well as to this house and which we speak of here as a treaty. And that there may be no doubt about our position in regard to that document we say, question it you may, reject it you may, or accept it you may, but alter it you may not.
Who can complain about the price that Google is charging you? Or who can complain about Amazon's prices; they are simply lower than the competition's. And that's why I think we need to shift back to a more Brandeisian conception of antitrust, where we consider values other than simply efficiency and low prices.
I accept the consequences of all that I do. No matter what we do with our lives, our bodies are temporary. We're all going to die, and I'd rather die climbing than doing anything else.
Most of us do not understand nuclear fission, but we accept it. I don't understand television, but I accept it. I don't understand radio, but every week my voice goes out around the world, and I accept it. Why is it so easy to accept all these man-made miracles and so difficult to accept the miracles of the Bible?
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