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People want economy, and they'll pay any price to get it.
Lee Iacocca
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Interpretation

What this quote means

People prioritize affordability and will invest significantly to achieve lower costs.

This quote by Lee Iacocca emphasizes the human desire for economical solutions and the lengths to which individuals and society will go to obtain them. It underscores the importance of affordability in decision-making processes, suggesting that consumers may compromise on other factors if the price is right.

Themes

EconomyAffordabilityValuePriceCost

In practice

Example use cases

In a business presentation about pricing strategy, one might quote Iacocca to emphasize the importance of competitive pricing.

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What is it that you like doing? If you don't like it, get out of it, because you'll be lousy at it. You don't have to stay with a job for the rest of your life, because if you don't like it you'll never be successful in it.
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In business, you're trying to make a buck. God was good to me and blessed me. I made some money and started this foundation years ago, and it has grown in size. With the foundation it's a lot different, because the bottom line isn't how you can make more money or get a better return, it's helping the projects that you feel strongly about move forward.
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