Like a massage? You can't be serious. I would consider it a basic service like healthcare, power, or water, so it should be easily accessible, have certain quality standards and very affordable, basically a decision to go there shouldn't have any financial impact.. but surely that's ideal.
If you are an education provider, yes. If you are receiving education, I'd say it's totally different due to expected value added over the student lifetime.
Are you suggesting education is like potatoes?
I would say it is more a service, like a massage or a week in a resort hotel.
Like a massage? You can't be serious. I would consider it a basic service like healthcare, power, or water, so it should be easily accessible, have certain quality standards and very affordable, basically a decision to go there shouldn't have any financial impact.. but surely that's ideal.
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If you are an education provider, yes. If you are receiving education, I'd say it's totally different due to expected value added over the student lifetime.
Not at all. But in markets with inelastic demand, I'd say this is probably the way to go.