Wednesday, August 04, 2010

High mark ups

Read this report.

My view
Business has to make a profit, but the mark up must be fair. Some products are sold at extremely high mark ups,  to take advantage of the ignorance of consumers or the pricing powers of suppliers (due to lack of choice for consumers). These unfair mark ups have to be regulated - a duty of governments.
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1 comment:

tudor said...

thanks to power of advertising and people desire to believe.

To me, 99.9% of the advertisements exagerate the benefits of their products. Somehow people still want to believe.

For example, Iphone, you can get better, chepaer handphone from other brands but for unknown reason people line up to buy it. Maybe they think they look cool with Iphone:)

August 04, 2010 10:32 AM

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