Supply and demand vs price gouging
#1
Supply and demand vs price gouging
Company A sells a product that is in high demand. They advertised the product and price for a few weeks now, but they tell their customers that they may or may not be able to get the product for their customers because of the demand. If the product does come, their prices still remain the original selling price eventhought the product may be hard to aquire and in high demand. If they do not get the product for their customer, they have similar, but higher quality products, but for a higher price.
Company B sells the same product that is still in high demand. They advertised a selling price a few weeks prior. They can order the product on a limited basis and require a deposit to do so. They have an estimated arrival time for the product. But, when the product does arrive, the price is now higher then they originally advertised several weeks prior.
Personally, I would pay a slightly higher price from Company A for a better product, then pay a higher price from Company B because they can actually get the original product.
Supply and demand or price gouging?
Thoughts, comments, etc.
Company B sells the same product that is still in high demand. They advertised a selling price a few weeks prior. They can order the product on a limited basis and require a deposit to do so. They have an estimated arrival time for the product. But, when the product does arrive, the price is now higher then they originally advertised several weeks prior.
Personally, I would pay a slightly higher price from Company A for a better product, then pay a higher price from Company B because they can actually get the original product.
Supply and demand or price gouging?
Thoughts, comments, etc.
#2
I don't think Company B is allowed to bait and switch like that, but if you need it right away and you're comfortable with the higher price then it's ok. Though, if they require that you put a deposit down, the deposit should be taken against the original selling price.
#4
Alright company B, if you left a deposit for the item that consitutes a sale, how they get the product or what they pay is not your problem. They advertised you bought now it is there problem to supply you with an item. Or give you a refund. Company A, can they prove to you that the actually had the product? or they had intent to carry the product, if not it is a pure bait and switch, I would argue for a middle, or so, price between the sale product and the higher end product, for the higher end product. Remember everything is and can be negotiated. Play to two companies off each other, and don't be afraid to walk out, if you don't get what you want.
#5
Company A's advertised prices have remained constant now and a few weeks ago when the products were advertised and on the different forums where they sell their products. $4 then, $4 now if they can get it.
Company B has altered their prices on some forums but not all. The product was $4 a few weeks ago is now $6.
Company B has altered their prices on some forums but not all. The product was $4 a few weeks ago is now $6.
#7
"Company B sells the same product that is still in high demand. They advertised a selling price a few weeks prior. They can order the product on a limited basis and require a deposit to do so. They have an estimated arrival time for the product. But, when the product does arrive, the price is now higher then they originally advertised several weeks prior."
..........flawed design..........
that shyt would never work with me especially if you took a deposit from me. By taking i deposit we entered into a set contract with set price and product. This would never work in terms of them coming back and saying the price has gone up.
Not a good hypothetical question if you ask me
..........flawed design..........
that shyt would never work with me especially if you took a deposit from me. By taking i deposit we entered into a set contract with set price and product. This would never work in terms of them coming back and saying the price has gone up.
Not a good hypothetical question if you ask me
#8
Go to canadian tire and try to negotiate with the sales associate, you'll learn quickly that not everything can be negotiated. Most people in the large companies don't have the authority to change the sale price of an item. Now if you go to "ma and pa's" retail store, chances are, if they want the sale, they'll negotiate with you.
#9
Go to canadian tire and try to negotiate with the sales associate, you'll learn quickly that not everything can be negotiated. Most people in the large companies don't have the authority to change the sale price of an item. Now if you go to "ma and pa's" retail store, chances are, if they want the sale, they'll negotiate with you.
it does depend on how much the "said company" needs the sale. Sometimes it may be small merchandise with little gross profit but because it's a numbers/volume game, they will mostly let it go for cost.
#11
Go to canadian tire and try to negotiate with the sales associate, you'll learn quickly that not everything can be negotiated. Most people in the large companies don't have the authority to change the sale price of an item. Now if you go to "ma and pa's" retail store, chances are, if they want the sale, they'll negotiate with you.
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