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Economics Discuss Why must some companies make price increases that are sneaky--not straightforward? at the Political Forums; Originally Posted by jimbo Again, if you don't want to be misled, don't participate. It's not that hard to do. ...

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Old 09-13-2020, 01:30 PM
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Default Re: Why must some companies make price increases that are sneaky--not straightforward

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Originally Posted by jimbo View Post
Again, if you don't want to be misled, don't participate. It's not that hard to do.
So misleading people is part of Capitalism?
And if we don't want to be misled we shouldn't participate in the market for goods and services?
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Old 09-13-2020, 02:13 PM
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Default Re: Why must some companies make price increases that are sneaky--not straightforward

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So misleading people is part of Capitalism?
And if we don't want to be misled we shouldn't participate in the market for goods and services?
I didn't say that.

I said that if you don't want to be part of the crowd that buys packaged bacon for the $5.99 price, walk over to the butcher counter and buy Mohawk premium non pumped dry cured on sale for $3.99. The same goes for nearly every product you buy.

I will say that the provider is going to attempt to make you think his product is better and/or cheaper than the competition sitting next to it. That's called marketing. It's up to the consumer to sort it out. That's called prudent buying.
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Old 09-13-2020, 07:13 PM
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Default Re: Why must some companies make price increases that are sneaky--not straightforward

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Retailers don't control the packaging. Retailers sell what the vendor puts on their shelves.
You are correct. I misspoke.
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Old 09-14-2020, 12:33 PM
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Default Re: Why must some companies make price increases that are sneaky--not straightforward

[QUOTE=jimbo;992789] It's up to the buyer which way he chooses to spend his money.[/QUOTE]

That right there. There are tons of companies selling the same things, no one has to buy anything they don't want to buy, and there are NO monopolies on these items.

The stores I shop in have a per Ounce price, that is what I look at. That is the only way to compare prices.
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Old 09-15-2020, 07:15 AM
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Default Re: Why must some companies make price increases that are sneaky--not straightforward

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the bottom line is many companies are intentionally lyi...-cough- "misleading" the public to pad their bottom lines.

Is there any evidence of companies ADDING more to a product without making clear note of it to the potential buyer?
Seems clear to me that "the love of money" is the problem.
The remedy is a MORAL check, in the form of personal and corporate integrity.
"the Fear of the Lord" is the primary step in that direction.
Capitalism, market forces, and consumer backlash ALONE is not enough.
Where do morals come from, where are they promoted most clearly?
Not the Corporate board room or stock holders meetings.
You do realize that companies are in business to make money? By law, products are labeled with the size, amount, volume, etc. that the packaging of their product contains. It is up to the consumer to examine what they are buying and decide if the product is worth the money being asked. THAT is Capitalism.

Market forces change on a daily basis and companies need to adjust based on the market trends. The other thing that impacts this is inflation. As inflation increases, the cost of producing products generally increases along a similar rate. So either the cost of the product increases, or the amount being packaged decreases. If a company cannot sell a product at a higher price, they cut the amount to sell it at a lower price. Simple economics.

But it is up to the consumers to examine what they are buying to ensure that they are satisfied with their purchase. You seem to want to hold 1 half of the transaction accountable while giving a pass to the other party. Capitalism requires 2 parties to come to an agreement in which both are satisfied. That requires knowledge about what is being transacted.
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Old 09-15-2020, 12:22 PM
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Default Re: Why must some companies make price increases that are sneaky--not straightforward

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You do realize that companies are in business to make money? By law, products are labeled with the size, amount, volume, etc. that the packaging of their product contains. It is up to the consumer to examine what they are buying and decide if the product is worth the money being asked. THAT is Capitalism.

Market forces change on a daily basis and companies need to adjust based on the market trends. The other thing that impacts this is inflation. As inflation increases, the cost of producing products generally increases along a similar rate. So either the cost of the product increases, or the amount being packaged decreases. If a company cannot sell a product at a higher price, they cut the amount to sell it at a lower price. Simple economics.

But it is up to the consumers to examine what they are buying to ensure that they are satisfied with their purchase. You seem to want to hold 1 half of the transaction accountable while giving a pass to the other party. Capitalism requires 2 parties to come to an agreement in which both are satisfied. That requires knowledge about what is being transacted.
I own a construction supply business, I don't have any set prices. My prices go up and down depending on how busy we are, and how big, and/or complicated the job is.

I'm sure some on the left would have a problem with that.
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Old 09-16-2020, 09:34 PM
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Default Re: Why must some companies make price increases that are sneaky--not straightforward

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You do realize that companies are in business to make money?
Of course.

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By law, products are labeled with the size, amount, volume, etc. that the packaging of their product contains. It is up to the consumer to examine what they are buying and decide if the product is worth the money being asked.
Unfortunately--as was admitted earlier in this thread--most consumers do not carefully check the quantity being offered for sale.

And even if they did, they could not do much about it--except, of course, to refuse the purchase; which most probably would not choose to do.
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Old 09-16-2020, 09:45 PM
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Default Re: Why must some companies make price increases that are sneaky--not straightforward

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If a company cannot sell a product at a higher price, they cut the amount to sell it at a lower price. Simple economics..
The conclusion would make absolutely perfect sense to me--if I were to accept the premise.

Just today, I purchased a Louisiana-type steak at my favorite restaurant, for $18.99. It had previously been $17.99.

But I would far--far!--rather accept a one dollar increase than to be forced into a five or six percent reduction in the size of the meat.

And I would imagine that most Americans would agree with me.
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Old 09-16-2020, 11:02 PM
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Default Re: Why must some companies make price increases that are sneaky--not straightforward

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The conclusion would make absolutely perfect sense to me--if I were to accept the premise.

Just today, I purchased a Louisiana-type steak at my favorite restaurant, for $18.99. It had previously been $17.99.

But I would far--far!--rather accept a one dollar increase than to be forced into a five or six percent reduction in the size of the meat.

And I would imagine that most Americans would agree with me.
I would agree, but keep in mind the costs may not be even...

Lowering the size ALSO lowers travel due to more portions in the trucks. Packaging is smaller, too...Another savings...Maybe another savings would be for smaller cutting machines since the sizes are smaller...

I have a feeling that a reduction in size of "five or six percent" lowers the cost MUCH more than a dollar....I'd guess you'd have to pay three or four dollars more to enjoy the same size portions...And I imagine less people would do that...
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Old 09-17-2020, 07:11 AM
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Default Re: Why must some companies make price increases that are sneaky--not straightforward

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Unfortunately--as was admitted earlier in this thread--most consumers do not carefully check the quantity being offered for sale.
And there's the rub. Perhaps they should. Perhaps instead of demanding that companies change their business practices, we demand that our public education system actually educates students and teaches critical thinking. Why should we lower our standards to accommodate the lazy or those that don't have enough sense to make informed choices?

Long before stores began labeling or posting prices per ounce, per pound, etc., I would examine price and quantity to determine the best value. I taught my wife to do the same. It didn't take long before she saw how much she could save at the grocery store by doing some simple math. Now with most stores doing the math for you, it is very easy to determine the best value so there is no excuse for falling for smaller packaging.
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