Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
- 37,439
How are they able to price it competitively when their competition makes the same product for half the price because they manufacture overseas?
They accept less profit. Believe me, it can be done and they are still rich.
Wonderful idea. They make less profit and lose their stockholders. Does that sound like success to you?
Or they do that and our economy grows and they profit more.
No, they profit more by selling lower priced products that people will buy. You do realize that the only way a company grows IS BY stockholders, don't you?
More times than not the product cost goes down, but the price to customers stays same. That's why we still have inflation.
I seriously doubt that. When the cost of something goes down, usually so does the price. After all, businesses compete against each other.
A few years ago I bought a new big screen to replace my old broken one that couldn't be repaired any longer. I paid a little over 3K for it. About a year later, a coworker of mine bought one of the new super HD televisions for about $1,500, but it was only a 40 inch screen.
While talking about his purchase with the salesman, he mentioned my 80" television. The salesman said they do have super HD that big, but they cost about 30K.
Today you can buy a super HD television like mine for about what I paid for my regular HD three years ago.