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Saturday, September 27, 2008

dunk!!!

I have got lots of stuff going through my head this week.. Can't really remember most of them. Maybe i should keep a notebook with me so i can take down the random idea that comes to my head.

Ok, lets list them down and see if i can recall the details. Theres f1, marketing, social justice, pricing, lemons and peaches, and what the hell i cant remember already.

Anyway, for the button between escape and f2 on ur keyboard.. Its the 1st F1 night race, and its held in Singapore. Its historic must watch and must go, right? Left. It is unprecedented, that's y its labeled 'historic'. As for the must watch and must go.. Advertisement has to play an important part. Nothing is must watch and must go in this world.. Rather, want to watch, or want to go. But how do you convert a luxury into necessity. Marketing is so interesting. It does this, and gives scarcity power to the owner, which allows them to jack up prices. This leads us to pricing.

I read about this example about this coffee chain which sells exorbitant cuppa coffee. There is this more down to earth example which we gen y or z can relate better to. The price of your bubble tea. Why do the addition of certain top ups or certain flavours of bubble tea cause its price to increase 20-33.33%? Does this different flavour or additional top ups really add 20-33.33% value to the cuppa bubble tea? Or isit the company's way of discriminating the more price sensitive to the less price sensitive. Bubble tea used to cost $3 when i was in primary school, if i did not remember wrongly. Now its about $1.20-$1.50. Did market forces step in to cause firms to earn normal profit in the long run, leading to the price decrease of bubble tea?

Hai, i keep thinking of things which are happening around. There is this NIE chem teacher i had last time in sec 3 who was so damn pissed that i keep asking her questions in class, that she told me to see her after class and tell me to accept things the way they are. Thats hard to do.

Anyway, i can dunk!!! heheeeeeee.

iduntellu at 11:15 PM