Lower Costs Quotes

“A firm is successful when the costs of directing employee effort are lower than the potential gain from directing.”

— Clay Shirky

“What we're now starting to see, as online retailers begin to capitalize on their extraordinary economic efficiences, is the shape of a massive mountain of choice emerging where before there was just a peak ... By necessity, the conomics of traditional, hit-driven retail limit choice. When you dramatically lower the costs of connecting supply and demand, it changes not just the numbers, but the entire nature of the market. This is not just a quantiative change, but a qualitative one, too. Bringing niches within reach reveals latent demand for noncommercial content. Then, as demand shifts toward the niches, the economics of provided them improve further, and so on, creating a positive feedback loop that will transform entire industries - and the culture - for decades to come.”

— Chris Anderson

“When you can dramatically lower the costs of connecting supply and demand, it changes not just the numbers, but the entire nature of the market.”

— Chris Anderson

“Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.”

— Larry Elder

“Commissions add up, taxes are a big drag, margin ain't cheap. A good accountant costs money as well. The math on this one is obvious, yet investors often fail to recognize it: Keep your costs low and your turnover lower, and you will win in the end.”

— Barry Ritholtz

“First, we have to lower our costs to levels that are more competitive. This will prevent the lower-cost airlines from pushing us out of the markets we want to serve. We've made great progress on this front, but we need to keep pushing.”

— Gerard Arpey

“At a European auto show, I had someone from a German car company come up to me and say the Karma should cost $125,000, not $87,900, but our development process lets us lower the costs. I guarantee it's profitable.”

— Henrik Fisker

“Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?”

— Mark Zandi

“Falling entry barriers and lower access costs have significantly democratised participation, whether in production or consumption.”

— Mohamed El-Erian

“When I was in the Maine Senate and proposed Maine RX - a plan to lower prescription drug costs by forcing the pharmaceutical companies to negotiate - I was told by many people that it was too big an idea, and we couldn't overcome opposition from the drug companies.”

— Chellie Pingree

“I'm not sure why anybody makes a physical CD anymore when the costs are so much lower to just throw it up on iTunes. And it doesn't seem that making a hard copy of something prevents pirating any less. I mean I'm amazed that they still do that.”

— Cliff Martinez

“If your goal is to provide a service at terms your customers can afford, you have to figure out how to offer your services at price points such that your aggregated costs are lower than your aggregated revenues.”

— Thulasiraj Ravilla

“By the Obama administration's reasoning, it would be constitutionally permissible to make Americans purchase nearly any product (broccoli, gym membership) that improved their health and thereby contributed to lower health-care costs.”

— John Cornyn

“A German firm called Friendsurance relies on people forming their own groups, which apply peer pressure to keep claims and costs lower. The result is refunded premiums for customers and profit for the company.”

— John Gerzema

“The Internet rewards scale; by trading higher up-front costs for lower marginal cost, market leaders can invest in better technology and service. As a result, there is nothing online that is both great in quality and small in scale. Amazon wasn't originally a better bookstore than the small shops we mourn, but it is now.”

— John Katzman

“The result of long-term relationships is better and better quality, and lower and lower costs.”

— W. Edwards Deming

“It is time that we provide clarity for our seniors, informing them of the services available that will lower the costs of their prescription drugs and strengthen the overall integrity of the Medicare entitlement.”

— Olympia Snowe

“The lower spreads mean lower costs for investors, because Nasdaq investors generally do not trade directly with one another. Instead, they usually buy and sell from market-makers, brokerage firms that flip shares between buyers and sellers and keep the spread for themselves.”

— Alex Berenson

“One side of the American psyche wants smaller government, lower taxes, and more choices for individuals, even if those choices increase risk. The other wants a strong social safety net to protect the weakest among us, even if it costs more to minimize risk.”

— Ron Fournier

“Efficiency innovations arise in industries that already exist. They provide existing goods and services at much lower costs. They are not empowering. Efficiency innovators become the low cost providers within an existing framework.”

— Clayton Christensen

“Targeted marketing delivers a lower customer acquisition cost and gets you to profitable growth faster. The goal is to quickly identify the costs associated with acquiring your most profitable segment of customers and the incremental value - if any - of going beyond your core.”

— Jay Samit

“I don't think we will put higher-ed out of business. I think we'll evolve it. More access, higher quality, lower costs, more global reach.”

— Sebastian Thrun

“With lower start-up costs and a vastly expanded market for online services, the result is a global economy that for the first time will be fully digitally wired-the dream of every cyber-visionary of the early 1990s, finally delivered, a full generation later.”

— Marc Andreessen

“China is investing in factories in Eastern Europe, not because their labor costs are lower, but because they want to be closer to their markets.”

— Michael Bloomberg

“In the Internet Century, the objective of creating networks is not just to lower costs and make operations more efficient, but to create fundamentally better products.”

— Eric Schmidt

“It's a great opportunity to lower costs without sacrificing quality. If a retailer is not leveraging this capability, they are certainly missing something.”

— Marc Chandler

“By skimping on design, the owner gets costlier equipment, higher energy costs, and a less competitive and comfortable building; the tenants get lower productivity and higher rent and operating costs.”

— Amory Lovins

“A better domain name will lower your lifetime marketing costs.”

— Frank Schilling

“I think integrative medicine, something I've pioneered, is the way of the future. Its great promise is that it can reduce healthcare costs by shifting the whole focus of healthcare away from disease management to health promotion and prevention. They can do that two ways: first, by focusing attention on lifestyle medicine, which is very deficient. And second, by bringing into the mainstream treatments that are lower cost because they are not dependent on expensive technology.”

— Andrew Weil

“Our approach is to reject the old vicious circle of the '80s-rising debt, higher long-term interest rates, higher debt repayment costs, lower growth, higher unemployment, then enforced cuts in public spending. That was the old boom and bust.”

— Gordon Brown

“Sensible policies on global warming should weight the costs of slowing climate change against the benefits of slower climate change. Ironically, recent policy initiatives, such as the Kyoto Protocol of 1997, have been introduced without any attempt to link the emissions controls with the benefits of the lower emissions.”

— William Nordhaus

“Since loans are getting more expensive and there's less money available, we're seeing a commensurate decline in growth. Higher costs and lower growth, in turn, translate into lower profits. Figuratively speaking, in the future, we won't be able to run as far or jump as high as we used to.”

— Paul Achleitner

“The benefits of a modest warming would outweigh the costs - by $8.4 billion a year in 1990 dollars by the year 2060, according to Robert Mendelsohn at Yale University - thanks to longer growing seasons, more wood fiber production, lower construction costs, lower mortality rates, and lower rates of morbidity (illness).”

— Joseph L. Bast

“For everywhere we look, there is work to be done. The state of our economy calls for action: bold and swift. And we will act not only to create new jobs but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. We will restore science to its rightful place and wield technology's wonders to raise health care's quality and lower its costs.”

— Barack Obama

“All I want to do, if you've already got health care, is lower your costs.”

— Barack Obama

“Unlike George Bush and his friends at the big oil companies, I'm going to work for a real energy policy for this country that decreases America's dependence on foreign oil and helps lower the costs to American families.”

— John F. Kerry

“You might say, well, aren't people saying that about wind and solar today? Not really. Only in the super-narrow sense that the capital costs per output, when the wind is blowing, is slightly lower.”

— Bill Gates

“One of the biggest reasons for higher medical costs is that somebody else is paying those costs, whether an insurance company or the government. What is the politicians' answer? To have more costs paid by insurance companies and the government ... [H]aving someone else pay for medical care virtually guarantees that a lot more of it will be used. Nothing would lower costs more than having each patient pay those costs. And nothing is less likely to happen.”

— Thomas Sowell

“The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs.”

— George Soros

“In a time when many people are looking to cut calories, reduce food intake, cut food costs, and lower their bodyweight, bodybuilders are looking to pour it on.”

— Robert Cheeke