Accepting Quote by Alfred P. Sloan
“Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses”
About This Quote
Source Book: My Years with General Motors, 1964
Market competition drives prices down, sometimes below desired returns, even causing short‑term losses.
In simple terms: Competition can lower profits and cause losses.
Key Takeaway
Accept lower returns or adjust strategy.
Themes
competition
pricing
profitability
risk
strategy
Mood
cautious
analytical
Type
business
financial
When to use this quote
- business planning
- investment decisions
- pricing strategy
- cost management
Key Concepts
microeconomics
price elasticity
market dynamics
Questions to Reflect On
- How will you protect margins in a competitive market?
- Can you innovate to sustain profits?
A Different Perspective
Profitability may suffer if costs aren't controlled.
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