Rising from the Ashes BY Only For You Novel

Chapter 703 Chapter 703 Michael let out a cold snort .

Thats right .

This is my top tier business insight .

Short and simple .

Quality is found in simplicity .

He continued , Take everyone here , for example .

None of you are exactly broke .

If you see a car you like , are you really going to sit there crunching numbers ? No youll sign the papers and drive off .

When you go out to eat , does it really matter if the bills 1000 dollars or even 5000 dollars ? As long as the foods good and youre enjoying yourself , youll happily pay , right ? One of the executives immediately chimed in , Mr.

Rhodes is absolutely right .

These days , I dont even look at price tags .

If I like something , I buy it .

Another manager eagerly added , Exactly .

Wealthy customers dont stress about prices .

The only thing that matters is whether they want it .

A third executive even went as far as bragging about their extravagant lifestyle , boasting about how easily they spent money without batting an eye .

Andrew shook his head and laughed .

I dont know whether to call you guys clueless or just plain dense .

You all keep talking about how wealthy people buy things because they like them .

But what makes someone like a product ? Its not the price tag its the quality , the appeal , and the craftsmanship .

Now let me ask you something are Banes three so called miracle products actually top tier? Are they game- changers in the market ? Do they outperform the competition so convincingly that people cant resist buying them ? The room instantly fell into silence , and even Tiana was frowning .

Michael , however , gritted his teeth and snapped , Our products may not be the absolute best on the market , but theyre definitely top tier .

And more importantly , were targeting high income customers .

Andrew gave a mocking nod .

Okay , lets assume youre right and call them top tier .

Now answer me this if your production costs are sky high , that means your prices will be , too , right ? Michael straightened his back and smirked .

Of course .

High production costs mean higher pricing .

And higher prices mean more money out of those wealthy wallets .

Thats the whole point .

Andrew clicked his tongue , shaking his head in disbelief .

Wow .

Im genuinely impressed .

I didnt think anyone could publicly admit to being this dumb and still sound so proud about it .

Look around you countless pharmaceutical companies are producing better quality products at a fraction of your costs .

And you know what ? They dont jack their prices through the roof .

Why ? Because even the most successful companies know that price gouging is a surefire way to lose customers .

But here you are , with ridiculously high costs , deciding to go head to head with established competitors by slapping luxury price tags on your products .

Honestly , whoever came up with this strategy mustve spent years recovering from a brain injury .

Lauren cleared her throat and said , Dr.

Lloyd has a valid point .

If our costs are that high , our profit margins will automatically shrink .

And with our premium pricing , why would customers choose our products when equally good if not better options are available for less ? Consumers arent stupid .

Theyll always go for high quality products at fair prices .

Thats how the pharmaceutical market works .

1/2 +25 BONUS Chapter 703 Andrew let out a low chuckle .

Exactly .

It doesnt matter if youre rich or broke nobody likes feeling ripped off .

Why would a wealthy customer pay a thousand dollars for medication when they can get an equally effective alternative for half the price ? Michaels face twisted with frustration .

Thats not a big deal ! If necessary , well match our prices to the competitions .

Well sell at the same premium rates as the top brands , and since our products are just as good , well still maintain a competitive edge .

Itll be an even playing field at worst .

Chapter 704