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AtricleZine - The Law of Bake and Shark
The world is ever changing. We have seen fads come and go, bands come and go, and hot markets come and go. But there is one thing that has kept on getting hotter, that is the need for someone to translate. Virtually every area you can think of needs someone to translate for them. If you
Real estate prices have sky rocketed in recent years all over the country, and in most states the average home price is higher than the median income in some areas. Every buyer wants to find affordable real estate, whether it is a new or used home, a foreclosed property, or an estate being s
He observed that the majority of people on the beach bought a sandwich called "Bake and Shark" from one stall although there were many stalls to choose from. People would rather line up at the popular stall and wait for up to 30 minutes before getting served than to go to another stall where a similar sandwich could be bought in less time and in some cases for less money.
This author explained to the Frenchman that this was the way most Trinidad and Tobago natives behaved. They would use the popularity of a vendor to decide where they were going to buy. The vendor with the most customers would get even more and those with fewer would get less. They base this on the assumption that the vendor with the most customers would have the
Let’s say that your business suddenly gets a big order from your best client. However, it is an order that is clearly too big for you. What would you do? If your business has a good banking relationship perhaps you may be able to tap into a line of credit or a bank loan. But what happe
He observed that the majority of people on the beach bought a sandwich called "Bake and Shark" from one stall although there were many stalls to choose from. People would rather line up at the popular stall and wait for up to 30 minutes before getting served than to go to another stall where a similar sandwich could be bought in less time and in some cases for less money.
This author explained to the Frenchman that this was the way most Trinidad and Tobago natives behaved. They would use the popularity of a vendor to decide where they were going to buy. The vendor with the most customers would get even more and those with fewer would get less. They base this on the assumption that the vendor with the most customers would have the
Kiosks are basically a one stop information tool, let's first define the word kiosk to see the history of where they've come from so we'll be better able to understand what exactly what they are: ki·osk noun 1. A small open gazebo or pavilion. 2. A small structure, often open on o
This author explained to the Frenchman that this was the way most Trinidad and Tobago natives behaved. They would use the popularity of a vendor to decide where they were going to buy. The vendor with the most customers would get even more and those with fewer would get less. They base this on the assumption that the vendor with the most customers would have the
Back office is one of the most crucial aspects of any business. It is this aspect that keeps all the financial transaction and dealing of the company proper and smoothly running. In fact, most of the tasks that are require for the proper functioning of the company take place under the ba
This author explained to the Frenchman that this was the way most Trinidad and Tobago natives behaved. They would use the popularity of a vendor to decide where they were going to buy. The vendor with the most customers would get even more and those with fewer would get less. They base this on the assumption that the vendor with the most customers would have the
Receivables is something very common in most firms. Many businesses could not work without receivables, but they must be kept to a decent level. That's why most accountants are always pressing their clients to monitor their receivables and to avoid a situation where too much money is due. Pr
Little did the Frenchman know that this author and himself would observe similar behavior in many other aspects of life both in Trinidad and Tobago and internationally. Whenever we saw people patronizing the store with the most customers just because it had the most customers, we began to say that these people are obeying "la loi du Bake and Shark." After the Frenchman left the island, I was left saying the Law of Bake and Shark.
The Law of Bake and Shark commands that buyers pay less attention to quality and more to merchant popularity. This law is harmful to startups and independent players who would therefore never get the business of the masses, no matter how good their products or services were.
It also dictated the start of a vicious
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