Tuesday, September 26, 2006
Simple Principles of Costco
I am a big fan of Costco for business model: quality products, narrowed categories, selected choices, low price. This is a model we can use to simplify personal finance.
Quality Products
Costco normally carries only high quality products.
Selected Choices
Costco does not offer all categories of products, only the common ones. The products are pre-selected by Costco so the members do not have to do the homework.
Low Price
The price may not be the cheapest, but cheap enough because of selling in bulk.
Quality Products
Costco normally carries only high quality products.
Selected Choices
Costco does not offer all categories of products, only the common ones. The products are pre-selected by Costco so the members do not have to do the homework.
Low Price
The price may not be the cheapest, but cheap enough because of selling in bulk.
# posted by SIMPLE FINANCE @ 11:35 PM 
