Scarcity principle in marketing works more like scarcity in the area of social psychology than in the area of economics. People give more importance to products which are rare than the products which are in abundance.





Comments


Written by tiroberts
2601 days ago

This is a really effective marketing tactic



Log in to comment or register here.
Subscribe

Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!