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#8 | |
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![]() A friend of mine owns a coffee house - is he price gouging when he sells coffee, baked goods, sandwiches etc. at two to three times his cost or more? His customers don't think so and by the time he pays all his fixed and variable costs he earns less than you'd think. If someone thinks the prices are too high they can go to any number of other places, but he has many happy and loyal customers. I just don't get why some people get so incensed at high cigar prices. What about movie and sporting event tickets and their concession prices, branded clothing (Nike, Billabong etc.), software, drinks at local bars, food at restaurants, kid's toys, guitars etc.. I have friends in all those product industries and in many cases those things are marked up 10 times or more. It isn't price gouging, "rape" etc. when you have a choice to not buy it... ![]() |
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