The World Of Business Is Chiefly Based On The Aspects Of...

Without a doubt, the world of business is chiefly based on the aspects of supply and demand. Throughout history, a multitude of companies -- both big and small – and offline and online have been able to grow and spread through providing the best services to customers. In the form of products and services, various companies have been able to build upon preexisting value ratings while at the same time using this as a template to help boost more sales down the line. However, as technology changed so did the power of promotion. For instance, prior to the invention of the radio, many companies had to rely either upon word of mouth or different forms of advertising through print ads. This was particularly the key factors that aided in the growth and promotion of companies such as Sears throughout its creation and development in the late 1880s. In short, with the widespread availability of traveling through the newly introduced national railroad system, the founders created, passed a round, and mailed their innovative catalogs to help spread word and deliver products to consumers (Brake, 88). Decades later with the invention of the radio, companies increasingly had much more bargaining power as they could literally speak directly to their audience. A few decades later, this overall level of marketing grew even more in reference to the actual presentation of products and services with the invention of the television. For the very first time in history, companies could literallyShow MoreRelatedExport And Import Strategy For The Shipping Lines1045 Words   |  5 Pagesanother purpose unless permitted by organization. EXECUTIVE SUMMARY Shipping Industry is one of the most cyclic industries. 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