Chapter 12 DB Topic #1 (2 original replies only)
Read "A Strategy of Scarcity" on page 525 of your text. Can you think of any other products that are similar in that the turnover is very slow, but demand is high, causing a much higher profit margin? In general, what type of product would you prefer in your business product mix - the product with high turnover or low turnover with a high profit margin?