Class Ten:
I loved the concept of the fitting puzzle pieces with one saying; market need and the other saying; new product. It's as easy as that. There has to be a market need for your product or your product has to be something that convinces people that they need it.
Youtube videos are a big part of today's marketing strategy and watching the clip for the Samsung Galaxy was legit. I couldn't believe when I found out that it had only been up for one week and had already received 4 million views. That is INCREDIBLE marketing!!!!!
Talking about why WalMart doesn't manufacture products but is better at moving/purchasing inventory made me think about comparative advantage. You should do what you are better at and excel in that area of expertise.
Going over agents and brokers helped clarify things for me a lot! With the example that real estate agents don't have to buy the house to sell it, I now understand the different intermediaries and the legal difference with obtaining titles.
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