Changes

Consider for a moment how competition can be very beneficial to this effort, particularly on the “supply side.”  To maximize the benefits of competition, the goal is to strive to satisfy the conditions of perfect competition.

Consider for a moment how competition can be very beneficial to this effort, particularly on the “supply side.”  To maximize the benefits of competition, the goal is to strive to satisfy the conditions of perfect competition.

In choosing the caterer, for example, we reduced our cost by considering several competitors.  We asked each caterer for a bid, and then compare them.  We asked if a discount is available for prompt payment, or even payment in advance.  We inquired if costs can be reduced by holding the event on a weekday rather than a weekend.

In choosing the caterer, for example, we reduced our cost by considering several competitors.  We asked each caterer for a bid, and then compared them.  We asked if a discount was available for prompt payment, or even payment in advance.  We inquired if costs could be reduced by holding the event on a weekday rather than a weekend.

Choosing a speaker requires an element of competition also.  If you fix your mind on one person and do not consider alternatives, then you are unlikely to obtain your best speaker at the lowest possible cost.  Again, the key is to consider several different possibilities.  Consider why a speaker may want to talk to a group of homeschoolers.  Advantages are the youth, intelligence and motivation of the audience.  Perhaps the speaker could make more talking to a general audience, but he or she will not have as much influence.  Realize that out-of-town speakers will have greater expenses for travel and opportunity costs.

Choosing a speaker requires an element of competition also.  If you fix your mind on one person and do not consider alternatives, then you are unlikely to obtain your best speaker at the lowest possible cost.  Again, the key is to consider several different possibilities.  Consider why a speaker may want to talk to a group of homeschoolers.  Advantages are the youth, intelligence and motivation of the audience.  Perhaps the speaker could make more talking to a general audience, but he or she will not have as much influence.  Realize that out-of-town speakers will have greater expenses for travel and opportunity costs.

Printing costs for a program can be reduced by using competition also.  Copying costs vary widely among stores.  Shop around.  Quality is an issue here also, as not all types of copies are perfect substitutes for each other.

Printing costs for a program can be reduced by using competition also.  Copying costs vary widely among stores.  Shopping around can save quite a bit of money.  Quality is an issue here also, as not all types of copies are perfect substitutes for each other.

On the demand side, an opposite perspective must be taken.  Here you want to reach the highest possible price in selling tickets or spaces for sponsors in the program.  Good salesmen or sellers are often the opposite of good buyers.  The roles are the inverse of each other.

On the demand side, an opposite perspective must be taken.  Here you want to reach the highest possible price in selling tickets or spaces for sponsors in the program.  Good salesmen or sellers are often the opposite of good buyers.  The roles are the inverse of each other.