Travis Kalanick Quotes

In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.

Anyone can sell product by dropping their prices, but it does not breed loyalty.

If you're not worried that you're pricing it too cheap, you're not pricing it cheap enough.

Pricing is actually a pretty simple and straight forward thing. Customers will not pay literally a penny more than the true value of the product.

The general principles of political economy teach us to buy all our commodities where we can have them the cheapest; and perhaps there is no general rule in the whole compass of the science to which fewer justifiable exceptions can be found in practice

I believe in the principle that if you have more competition, it will drive down the prices.

If Uber is lower-priced, then more people will want it. And if more people want it and can afford it, then you have more cars on the road. And if you have more cars on the road, then your pickup times are lower, your reliability is better. The lower-cost product ends up being more luxurious than the high-end one.

TSG is competing with Middle East, East Asia and Europe in offering prices that are either lower or at par with these markets.

Competing at full price is the way we like to do business, but we cannot ignore the promotional environment.

When you have more competition, you have better products and lower prices.

We have never considered any costs as fixed. Therefore we first reduce the price to a point where we believe more sales will result. Then we go ahead and try to make the price. We do not bother about the costs. The new price forces the cost down.

There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.

It's widely assumed that you can't compete with free, and that seems like a reasonable thing to think. But this has not been my experience.

But they are also better, our competitors are better because Wal-Mart exists.

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

I know the price of lettuce. You need to understand price and value. You buy the best lettuce you can at the best price you can.

We're more familiar with what economists call an English auction - prices start low and rise as people bid. However, there is also the Dutch auction, where prices start high and go lower until somebody bites. Movies are sold to the audience via a very slow Dutch auction, where each phase between price drops can last weeks or months.

Healthy competition places discipline on the market and should focus providers on providing the best service at a lower cost.

The intriguing aspect of food charges on airlines is that they create the perfect laboratory for any economist who wishes to study the question of how to price a good that possesses, by universal consensus, absolutely no objective value.

People were desperately trying to fill their seats for the summer. And so prices are really low right now. And so they are kept from raising prices to make up for that difference.

I think in just about any business the low cost competitor is always going to have an advantage.

Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they're going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn't going to last very long in that firm.

The battle of competition is fought by the cheapening of commodities

With competition, prices tend to be uniform; with monopoly, prices are uniformly high.

What is “destructive competition” for producers is a bargain bonanza for consumers.