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The latest surge in prices are the following but only costing a few dollars to manufacture ( realizing in fairness the added costvof distribution coupled by retail)
1. Interior and exterior house paints ( $3.00 to make but $35 to purchase
2. Contact lenses ( pennies to produce hundreds to purchase)
3. Dental crowns , (endodontic scams via quota Mills) cash only ( root canals that go bad = ching ching
4. Cars and trucks ( advertising excludes thousands of addon dollars)
5. Clothing 200% mark ups
6. Diamonds ( worthless on the exchange or resale market)
7. Sneakers 300% mark ups ( $3.00 to make $$150 to purchase)
8. Fishing poles 500% mark up.
9. Veterinary medicine ( no internal payment plan causing animal neglect due to inability to afford
Expensive surgeries ( frequently needing repeat work)
10. Loans from rip off artists like Capital One , Credit Unions, banks and finance companies.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Quote:
Originally Posted by NJBest
You're looking at only the manufacturing costs. You're leaving out the R&D, marketing, and transportation costs.
Also, licenses and permits, insurance, taxes, utilities, losses due to warranty returns, defending lawsuits, and more. No one starts a business to cover their cost, they do it to make a profit. As long as people are willing to pay the prices, they will charge as much as they can. That's the nature of a business.
Also, licenses and permits, insurance, taxes, utilities, losses due to warranty returns, defending lawsuits, and more. No one starts a business to cover their cost, they do it to make a profit. As long as people are willing to pay the prices, they will charge as much as they can. That's the nature of a business.
Missed lawsuits. Good call. The rest are covered under marketing.
You're looking at only the manufacturing costs. You're leaving out the R&D, marketing, and transportation costs.
All of these costs can be easily divided up and spread out according to the number of units sold. Manufacturing/labor/material costs are traditionally the greatest expense per unit if I recall correctly. Of course, this is going to be somewhat dependent on what it is you are manufacturing.
I agree though. When you remove all the unnecessary lawyers, insurance folks, and the rest of the dead weight from the equation, things don't have to be that expensive.
5. Clothing you pay extra for the brand name.
7. Sneakers. They can charge lots more when a professional athlete endorses them.
10. Loans, a total hose job. They are paying less than 2% on deposits.
All of these costs can be easily divided up and spread out according to the number of units sold. Manufacturing/labor/material costs are traditionally the greatest expense per unit if I recall correctly. Of course, this is going to be somewhat dependent on what it is you are manufacturing.
I agree though. When you remove all the unnecessary lawyers, insurance folks, and the rest of the dead weight from the equation, things don't have to be that expensive.
You recall incorrectly. For many consumer products, marketing, transportation and cost of doing business (legal & insurance) are more expensive than the labor and material costs.
The system (capitalism) works pretty well. Very few companies have unnecessary lawyers and insurance folks sitting on bill. They have gutted it down to the standard necessary ones.
5. Clothing you pay extra for the brand name.
7. Sneakers. They can charge lots more when a professional athlete endorses them.
10. Loans, a total hose job. They are paying less than 2% on deposits.
brick and mortar banking is not cheap, plus lending has risk and losses.
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