Car sales: Deal Never ask how much money you have Customer side: 1) if you can't knock the price of a car down 2k$ be respectful but walk away the fleet rate is a given if you know what your doing, as well as the hold over charge which varies between manufacturers .
2) do not buy from the same manufacture for the sake of it .
3) stay away from popular choices
4) the dealer needs you ,you do not need any particular dealership.
5) always go to the dealer at the end of the month you will find one that will reduce the price.
I have bought vehicles with 20k$ discounts on them because I followed 1through 5 and kept at until I found a dealer that needed the sale to make his months commitments.
cars are predominantly steel and plastic both of which amount to low prices.
but manufacturers and dealers have been taking advantage of stupid people .
When they are not making money due to slow sales and at the end of the month is the time to hit the dealer up for a further 2000$ rebate above any rebates offered by any manufacturer. start fb ad via reaching or engagement these are cheaper than conversion ads. start with low budget reach millions of people, then do retargetting those who have seen your video for 3 seconds 5 seconds and reach those again because they are low hanging fruits, more low hanging fruits are the people who have seen your site, or added product to their shopping carts... https://www.khanacademy.org/economics-finance-domain https://www.coursera.org/learn/principles-of-microeconomics/home/week/3 https://www.coursera.org/courses?languages=en&query=mba  To large tax on inheritance to break the chain of inheritance large tax on high incomes
Price elasticity: If a small change in price is accompanied by a large change in quantity demanded  Adam Smith’s vision of a perfectly competitive marketplace delivering goods and services at lowest price and highest quality. Oligopolies are industries which typically have:A small number of large firms. ceteris paribus /keteris parabis/ means "holdin other things equal" (shift parameters) the lower the price, ceteris paribus, the more units a consumer will demand and the higher the price, ceteris paribus, the less consumer will demand why? substitute effect: as the price of beef rises I eat more chicken income effect (my purchssing power declines)  if hte price is too much and companies. manufacture X units but demand is Y units, there is a surplus of X - Y. So comaies keep lowering their prices so there is no more surplus similar holds for shortage. Very interesting supply demand examples we do what we do and we buy what we buy because it makes us feel good consumer choice boils down to three things: 1. the pleasure people get from consuming a good 2. the price they have to pay for it 3. the budget available to them Marginal utility is the additional utility derived from a one unit increase in consumption the marginal utility falls as we increase consumption: Law of diminishing marginal utility utility maximizing rule or equimarginal principle Marginal utility / Price. -> marginal utility per price of that good nominal income is the balance in the bank, real income is nominal income when adjusted for inflation  p is price in which market is hte product most elastic. small change in price in big change in buying behavior:  checkout total cost and marginal cost with similar labor  Average fixed cost, average variable cost per unit output  |
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