Consumer Demands Quotes

The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce products that meet consumer demands at lowest cost, or else be driven from the market. It is a profit-and-loss system. Naturally, existing businesses generally prefer to keep out competitors in other ways. That is why the business community, despite its rhetoric, has so often been a major enemy of truly free enterprise.

Pharmaceutical companies are reluctant to enter or remain in the business of manufacturing vaccines — unpredictable consumer demands and lack of financial incentives make vaccine manufacture a risky business.

The latter-day robber barons are discovering that better conditions and rewards for workers pay off in a world where consumers increasingly demand ethical standards.

The oil industry is hardly free to operate as efficiently as it could or to be as responsive to consumer demands as it would like. It has become, in essence, a quasi-state-run enterprise, because it cannot drill, transport, refine, and store fuel without receiving government permission, complying with government regulations, and paying taxes at every level or production.

You just have to pay attention to what people need and what has not been done.

Customers are very demanding and well informed.

The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible.

As a businessman, my dharma is to cater to every taste of my viewer.

We used to think that the enterprise was the hardest customer to satisfy, but we were wrong. It turns out, consumers are harder than the enterprise because the consumer will not give you a second chance.

The expectations of people and society on Samsung have grown stricter and bigger.