Quizzes & Puzzles1 min ago
Are Tesco And M&s Both Ripping-Off Their Customers With The Price Of This Product?
9 Answers
They both sell a packet of Rodeo chewy treats for dogs at £1 for a pack of four. I bought packs containing eight sticks for the same price in a Poundshop this morning.
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For more on marking an answer as the "Best Answer", please visit our FAQ.No - it's simple business.
Any major store will make a big fuss about its loss-leaders - goods sold at cost or even a loss in order to tempt people into the store.
What they keep quiet about is the other items where the profit margins are very high, and make the profits the store wants - and this is a prime example.
It is not 'ripping off' to charge a higher price - the customer has the choice of where and whether or not to buy.
Any major store will make a big fuss about its loss-leaders - goods sold at cost or even a loss in order to tempt people into the store.
What they keep quiet about is the other items where the profit margins are very high, and make the profits the store wants - and this is a prime example.
It is not 'ripping off' to charge a higher price - the customer has the choice of where and whether or not to buy.
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