- For Teachers
Could anyone please explain what the following in bold means in the context?
1. As in much of the rest of the company, the driver of our results has been a return to fundamentals. We've continued our innovation momentum and improved our advertising significantly. We've sharpened price points and our value equation where necessary.
2. Great brands deliver scale. Only the largest brands will be able to offer the full range of products, package, and size options to meet the needs of all potential consumers. Only they will have the priceless benefits of scale, cost efficiency, and grester access to best practices and knowledge transfer.
value equation may mean what the customer will get for the money
cost = value
I see. Thank you all for the help.