PPRuNe Forums - View Single Post - UK/US fares
Thread: UK/US fares
View Single Post
Old 2nd May 2014, 10:56
  #25 (permalink)  
Heathrow Harry
 
Join Date: Apr 2010
Location: London
Posts: 7,072
Likes: 0
Received 0 Likes on 0 Posts
"The perfect price is the price the punter is prepared to pay. Cost of production is irrelevant."

perfect for whom?

If the punter (s) pay less than the cost of production it is not perfect for the seller/manufacturer as they will eventually go bust

You can even say it's not good for the punter as it reduces his/her future choice but in this day and age no-one cares

If you are talking about valuing a product then you are correct - it is only worth, in asset terms, what the market will pay but that is not necessarily "perfect"
Heathrow Harry is offline