When thinking through a potential purchase, the only sure fire way of knowing if you should be getting a good product at the best price is through having complete knowledge of the whole market. In Game Theory and Economics, the concept of having complete information about the environment is known as 'Perfect Information' ;.
Just like all theoretical concepts, actually putting Perfect Information into practice is incredibly difficult, possibly even impossible, to achieve an entire implementation. You will find endless reasoned explanations why this is the case. Prior to the rise of the popularity of the web, practicality was a big factor. Shopping would usually be done in the town you lived in or through mail order. It would be difficult to find all around the town that sold what was being looked for and doing your research for the best price would take hours, even days. The net changed this; it managed to get possible to flick through potentially hundreds of suppliers and merchants and quickly compare amongst them https://monsterxo.com.
Even with the ability of the net, Perfect Information is still not really a real possibility in the truest sense. The vast level of locations that you can purchase from is quite prohibitive to thorough research. The biggest obstacle, however, is probably the manufacturers of the merchandise themselves. Perfect Information is of great benefit to the conclusion user and purchaser of an item, but is undesirable for the manufacturers and the retailers. Armed with complete knowledge of the market, the consumer will know exactly where to go and what to buy to have the best deal. This invariably results in retailers and manufacturers being forced to engage in a cost war to manage to remain competitive. Price wars are already commonplace in high-volume, low-value markets such as food and school clothing. Price wars give a sudden advantage to the customer while they pay less due to their goods, but over a longer period of time they end in lower standards of customer care and product quality and can also lead to several organizations moving away from business. It's because of this that manufacturers and retailers are keen to avoid price war and why so many manufacturers of high-value products are extremely strict about the costs and the imagery used by the retailers that sell their products https://aeonknightgadget.com.
One of the best types of products that have very tight restrictions on pricing and brand imagery may be the fashion and designer clothing industry. Many big name fashion brands have spent decades fine tuning their products' places on the market with aggressive marketing tactics to ensure they retain complete control over how retailers sell their clothing. To the retailers, which means that for certain brands they have minimal flexibility in the costs at which they are able to sell their inventories to customers. To the customer, which means that wherever they go to search around for the best deal for a fashion purchase, they will rarely find anywhere with significantly different prices https://www.pleiadesshop.com.
As opposed to competing on price, retailers have experienced to locate other ways of attracting customers. The most typical method is in the amount of customer care they provide and how far they are prepared to go to ensure every sale results in a happy customer. Other methods include ensuring that the types of clothing on offer are very different from other retailers. For big name brands like Levi's or Wrangler, that is perhaps the most typical way of differentiating between retailers. Giant brands like these tend to have a lot of styles each season, quite a few for just one retailer to stock all them. There is also the retailers' usage of regular promotions and coupons which can be kept in circulation. Coupons are extremely rare in the fashion world nevertheless they do exist, although they are often only available against certain stock and for limited times.
Despite this, customers can still get a good deal by doing your research on the internet. However, they first need certainly to rethink what it way to 'shop around' in the current marketplace. It's unproductive to browse between individual merchants' websites hoping the proper product at the proper price.
Now, there are websites that exist that allow you to almost automate the shopping experience. They keep an aggregate index of each merchant, alongside every brand and product they sell. In this way, an individual can look for what they want as they usually would but the outcome they return will be from every possible match. Like, if a customer is looking for Levi's jeans, they only visit a fashion aggregate and click the Levi's section. They will then be shown the jeans which can be in stock at every merchant on the site. The customer will then sort through the outcome by price or by merchant to discover a product they would be happy with. Once they have made a selection, they are offered a direct url to where it can be purchased from. A number of the more complex aggregation services also keep profiles of each merchant and brand so the customer could see if there are any offers, sales or coupon codes available or to read reviews that other users have left about merchants.
To sum up, while an entire implementation of Perfect Information is not really possible in the fashion and designer clothing market, there's a feasible alternative. Fashion aggregation websites enable the customer to produce an informed decision on their special clothing purchases without wasting their time searching every retailer individually. They may also be confident that they're buying from the trustworthy merchant by reading about other customers' experiences with them. The convenience made available from a well-designed fashion aggregator is not exactly the consumer utopia of Perfect Information, but is really a very close second.
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