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Feb. 13, 2012
Tom Markham
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38 other people
answered this question
You own a popular local coffee shop, Starbucks moves across the street. What do you do to compete?
Reducing price is a grave mistake when you're actually selling a service, and not a commodity. You don't sell coffee, you sell comfort, camaraderie, fun, wake-me-up. If you sold coffee as a commodity, you could close your shop, get a bike and a hotbox, and ... more
Jan. 23, 2012
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