Good vid but he’s falling a bit for the corporate propaganda that costs determine prices and that consumers have real power over price setting. Most firms maximize prices while minimizing costs. Consumers have especially little market power in a consolidated market like home appliances.
I haven’t watched this video, but based on your comment I don’t think I’ll bother.
It is my sincere understanding that the degradation of quality is from the companies trying to leverage extended warranties as the true profit center of appliances.
Good vid but he’s falling a bit for the corporate propaganda that costs determine prices and that consumers have real power over price setting. Most firms maximize prices while minimizing costs. Consumers have especially little market power in a consolidated market like home appliances.
I haven’t watched this video, but based on your comment I don’t think I’ll bother.
It is my sincere understanding that the degradation of quality is from the companies trying to leverage extended warranties as the true profit center of appliances.