On Sep 28, 2007, at 12:38 PM, Charlie Coleman wrote:
> Here in a local town, the son of a... oh... a-hem..... the politicians
> decided to hike the local city corporate tax. I believe the bump was
> something like 0.25%. Pretty much the day that tax went into
> effect, every
> fast food restaurant bumped the prices of their products - in some
> cases
> like 2% or more. I noticed the prices in stores rose as well - not
> sure of
> percentage there, but I'm sure it more than compensated for the
> additional
> tax amount.
That's pretty funny. You mean that these corporations who only exist
to maximize profits could have raised prices and didn't? Obviously
the 2% rise didn't cut into sales, so perhaps they should raise the
prices by 3 or 4% - maybe even higher?
Companies charge the maximum that they can possibly charge in order
to maximize profits. Just because the cost of doing business
increases doesn't mean that consumers will happily pay more; if they
wouldn't buy it for more than the current price before, they aren't
going to magically accept the higher price now.
-- Ed Leafe
-- http://leafe.com
-- http://dabodev.com
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