How Companies Fool You!steemCreated with Sketch.

in #company2 years ago

The products are always made seeing the profit and the quality, to rise the demand for that product in the market. There is no doubt that this involves all the three sectors of economy with many efforts of people machines and communication. With changing decade it's logical that the price is rising for every commodity but if you notice there many products in the market which is being sold from last 30-40 decades, the price is somewhat similar as before. For example Parle-G biscuit, Cadbury Dairy Milk etc. In this case business includes cleverness in the market.

There are many brands and companies that are popular and made a position in the market. In a sense that suppose a person goes to market for purchasing a commodity if he/she want to buy a toothpaste he/she will say "Is Colgate available in your shop"? and not a toothpaste instead. There are many such brand which people are known to and that commodity won a trust between people and their products. As the time is running population is rising on the other hand prallely demand supply is rising so as the price of raw material so how's that possible that the final product rise is same as that before it was!? So the simple answer to this question depend on the facts below.

One cause can be "Shrinkflation".
In economics, shrinkflation, also known as the grocery shrink ray, deflation or package downsizing, is the process of items shrinking in size or quantity, while their prices remain the same or increase. In For example A Lays of cost 10/- now comes with less content and more air filled in it where the size of the packet is same as it is. With this idea company balances the pocket of the customer with the demand and supply of the product. Sometimes with the help of this, company save the money and invest in advertising their commodity.…..Read Full Article on -: https://www.changingdecade.com/2022/08/how-companies-fool-you.html

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