Bigga
Well-Known Member
@Dax777
So let's analogise...
If you were say... a burger van looking to get into the food industry and you see a space on a road to set up, even though another burger van is in the same vicinity, are you saying you'd drop your prices, even if the other van was making something completely different? Why would you do that if the customer base is enough for profit margins to soar...?
In fact, despite more vans that enter the fray, the less likely need to drop prices if the customer base convinces itself/ perceives to like what you're doing, similar stuff or not.
Would it not be right in thinking the only way the vans drop prices is if customers stop paying, but then they would starve or look elsewhere?
But, if a food regulator came along and says, let's put a cap on soaring prices, that would be the end of the greed and all the vans make a profit without fleecing the customer.
How could it be otherwise??
So let's analogise...
If you were say... a burger van looking to get into the food industry and you see a space on a road to set up, even though another burger van is in the same vicinity, are you saying you'd drop your prices, even if the other van was making something completely different? Why would you do that if the customer base is enough for profit margins to soar...?
In fact, despite more vans that enter the fray, the less likely need to drop prices if the customer base convinces itself/ perceives to like what you're doing, similar stuff or not.
Would it not be right in thinking the only way the vans drop prices is if customers stop paying, but then they would starve or look elsewhere?
But, if a food regulator came along and says, let's put a cap on soaring prices, that would be the end of the greed and all the vans make a profit without fleecing the customer.
How could it be otherwise??