Category Archives: Retail

What’s the Real Price?

When buying a new car in the US, you are given two prices on the vehicle as you browse: Manufacturers Suggested Retail Price (MSRP) and Market Adjusted Price (MAP). Why?  MSRP is required disclosure on all vehicles and is commonly called the “sticker price.”  It used to be an anchor price that told buyers what… Read More »

Trying to Introduce Capitalism

A freelance assignment in Hungary came up in 1989. The country was just breaking free from Russian domination and communism. A bank in Budapest, called DunaBank, wanted to launch a credit card. I was hired based on my marketing work with Texaco’s credit card operation, and the fact that Canada was less scary and more… Read More »

Never Introduce a Product Without the Product

On October 17, 2018, the Canadian government legalized cannabis.  The federal government left it up to the provinces to figure out distribution but it seems like no one really did the marketing calculations right. In Ontario, for example, orders are going unfilled despite a move to throttle demand by limiting distribution until next April.  The… Read More »