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re: Capitalist and ethics question
Posted on 7/14/14 at 9:14 am to kingbob
Posted on 7/14/14 at 9:14 am to kingbob
quote:
One caveat being that price gouging during a crisis (like a Hurricane) is pretty low.
'price gouging' is what makes products and services available in times of crisis. Without the added price premium, sellers would not be willing to go the extreme lengths necessary to provide the goods and services during the shortage.
Is it also 'low' to buy products and services at an extreme discount in times of oversupply?
Posted on 7/14/14 at 9:34 am to VABuckeye
I'm not paying retail, I set the mark-up as MSRP = 15%
this whole thread was based off of a misunderstanding that is resolved.
this whole thread was based off of a misunderstanding that is resolved.
Posted on 7/14/14 at 9:42 am to Napoleon
I guess you don't charge labor? Or do you? As a business owner your pricing isn't making sense to me.
Best of luck to you either way.
Best of luck to you either way.
Posted on 7/14/14 at 10:26 am to Napoleon
I find it interesting that you will allow customers to provide their own parts. I've never heard of that for a residential customer, regardless of types of service. You want the repair, you get the part from the repairman at the price he sells it for.
However, I've never seen a specific markup like you specify. Granted, I work with a lot of mechanics. But they typically charge MSRP or list price for the parts to their customers, since they are buying the parts at a discount from their supplier. So, the "markup" is effectively included in the price of the item, as the difference between the list price and the supplier price.
Now, like you said, your service fee is less than the competition. So, at the end, customers are probably coming out close to the same.
I think as long as you are honest about your pricing, then you have no ethics issues to worry about. I will say that in a competative market, whenever a player uses a pricing structure different than the norm, that player tends to take a few arrows when it comes to understanding.
However, I've never seen a specific markup like you specify. Granted, I work with a lot of mechanics. But they typically charge MSRP or list price for the parts to their customers, since they are buying the parts at a discount from their supplier. So, the "markup" is effectively included in the price of the item, as the difference between the list price and the supplier price.
Now, like you said, your service fee is less than the competition. So, at the end, customers are probably coming out close to the same.
I think as long as you are honest about your pricing, then you have no ethics issues to worry about. I will say that in a competative market, whenever a player uses a pricing structure different than the norm, that player tends to take a few arrows when it comes to understanding.
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