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To: Arthur McGowan
The price is determined by what the customer will pay, not the cost of production!

Staying in business is determined by revenue exceeding expenditures ...

165 posted on 01/08/2015 2:49:18 PM PST by NorthMountain (No longer TEA Party ... I'm the TAF Party)
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To: NorthMountain

Correct. But the business cannot make customers pay a penny more than the customers want to pay. The business that cannot make a profit at that price must stop selling certain products or go out of business entirely.


187 posted on 01/08/2015 9:09:38 PM PST by Arthur McGowan
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