Sunday, January 20, 2008
In modern, large cities, transportation cost contributes, perhaps more than many other specific costs, to transaction costs.
Many transactions require people to be brought together or brought to specific locations.
But Some will always buy.
And that will be enough.
The customer looks, and he looks at the customer, and wonders:
He is a real one, likely to buy, likely to make a choice.
He sells watches when he is free, and then goes back to one of his three or four other jobs.