autoteleology
Formerly known as Tus-Chan
- Joined
- Nov 6, 2011
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According to Wikpedia:
Do you think this accurately describes the headphone/sound business? Why or why not?
The word is a portmanteau of confusion and monopoly (or rather oligopoly), defining it as "a group of companies with similar products who intentionally confuse customers instead of competing on price". Examples of industries in which confusopolies exist (according to Adams) include telephone service, insurance, mortgage loans, banking, and financial services.
Do you think this accurately describes the headphone/sound business? Why or why not?