Suppliers and especially manufacturers have market...

Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.

-Peter Drucker

Power Trust

Suppliers and especially manufacturers have market... meanings

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Suppliers and especially manufacturers have market... quote in Urdu

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Frequently Asked Questions (FAQ)

Who said "Suppliers and especially manufacturers have market... "?

"Suppliers and especially manufacturers have market... " is one of a famous quotes by Peter Drucker. Complete quote is as follows;
"Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands."

What is "Suppliers and especially manufacturers have market... "?

"Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands." This is a quote by Peter Drucker which is about Power & Trust. He is known to have been associated with numerous other thought provoking quotes on these topics like;

  • Admiration of the proletariat, like that of dams, power stations, and aeroplanes, is part of the ideology of the machine age.
  • Age appears to be best in four things old wood best to burn, old wine to drink, old friends to trust, and old authors to read.
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What does "Suppliers and especially manufacturers have market... " mean?

This quote is primarily about Trust although it also includes other themes like Power & Trust. It is attributed to Peter Drucker. Complete quote is as follows;
"Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands."