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Price Gouging

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Price Gouging

by Bruce / Thursday, 19 March 2020 / Published in Blog, Business

We all believe it’s wrong to make extra $’s during a crisis time yet the extra is what is to be determined. When the prices to get said materials go up to the supplier of course they must increase the price to us. Yet when the price is inconsistent from distributors the supplier must work on the higher end or look inconsistent even as an occasional discount might come her way. She might also worry with two many price points that confusion could arise for customer and employer.  They also must err on the higher end because in the end when the crisis will end they will have stock left over which they will have to sell at a cost way below their initial cost.  Therefore price gouging is wrong when it is made to make a killing but when it causes one to stay in business past the crisis point that’s a whole different story.

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