Summary
This quote highlights the difference between two approaches to competing in the market. Simply cutting prices may attract customers in the short term, but it does not necessarily contribute to producing a better product. It suggests that rather than solely focusing on offering lower prices, true innovation and intelligence are required to create superior quality products or services. In this way, the quote emphasizes the value of investing in research, development, and creativity, as they are essential for long-term success in a competitive market.
Topics
Business
By P. D. Armour