Quote by: Peter Drucker

Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.


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Author Bio


  • NamePeter Drucker
  • Descriptionaustrian economist and writer
  • BornNovember 19, 1909
  • DiedNovember 11, 2005
  • CountryUnited States Of America; Austria
  • ProfessionColumnist; Economist; Writer
  • AwardsPresidential Medal Of Freedom; Great Golden Medal Of Honour For Services To The Republic Of Austria