How do consumers compare prices? It depends on their power
The way that consumers react to prices is relevant to how powerful they feel, according to research published in the Journal of Consumer Research.
One...
Consumer reaction to flattering salespeople
Even if they believe a compliment is sincere, consumers tend to have negative reactions to salespeople’s flattery, researchers reported in the Journal of Consumer...
Deloitte receives a £14 million fine over MG Rover allegations
The accountancy firm giant ‘Deloitte’ has just received a £14 million fine for failing to identify conflicts of interest in the advice it gave...
Glaxo sells drinks brands to Suntory for $2.1 billion
GlaxoSmithKline PLC (Glaxo), the third largest pharmaceutical company in the world, has agreed to sell its drinks brands Lucozade and Ribena to Suntory Beverage...
Using the assembly line technique to mass produce medicines
Henry Ford’s ideas of assembly line production could significantly improve the speed and cost of making medications.
Medicines are one of the few products that...
China – economy picks up
Exports from China were greater than estimates had predicted, suggesting that the country is rebounding after a six-month slowdown.
According to the General Administration of...
InterAction urges G20 to include the world’s poor in their plans
At the recent 2013 G20 summit in St. Petersburg, Russia, the NGO alliance “InterAction” urged leaders to include the world’s poor in their plans...
Chicago still interested in privatizing Midway Airport
Chicago Mayor Rahm Emanuel has just stated that he is still interested in a bid for the privatization of Midway Airport, despite talks being...
Greece sees end of recession
The recession that has gripped Greece during the last six years is set to end in 2014, says Greek Prime Minister Antonis Samaras, who...
Emerging markets – focus of G20 talks
G20 nations diverged in their priorities as emerging markets face a reduction in American dollars flooding into the global economy.
The most developed and the...