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This Is Great, $15 an hour leeches
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Quote:So businesses aren't allowed to try and make as money as possible within the confines of the law? Marty's point is right. A business prices a product to maximize total profit, which is profit per item times the number of items sold. If the business can double the profit on an item by raising the price and still retain more than half the customers it will do so. At some point raising the price will result in less profit because the number of sales drops off too much. If the cost of making a product increases, then the business has to reevaluate the price. It may be that the sales drop off from raising the price would mean that the price has to stay the same. If there is no profit at that price, then the business discontinues selling that item. "Why should I give information to you when all you want to do is find something wrong with it?" |
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The Jungle is self-supported by showing advertisements via Google Adsense.
Please consider disabling your advertisement-blocking plugin on the Jungle to help support the site and let us grow!
We also show less advertisements to registered users, so create your account to benefit from this!
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