THIEVES or BUSINESS PEOPLE

[shield_2006]

How can an item that RETAILS for US$132 have an retail price of TT$2,800.

I priced a tire yesterday and this is what I found--a Michellin tire Pilot on Tire Rack web site for $132 and this is what I get quoted from the lcoal supplier.

These people mad. i can buy ship and clear way inside of the value--which I will do--but many people can not do that and are subject to the profiteering of these charlatans who have no real business discipline or apparently acumen-- and just know how to mark up a huge margin and abuse consumers

[BW]

maybe you should have a thief break into your home, or point a gun at you before you make that comparison eh?

[Falcon]

Huh?

Market factors my friend. Welcome to capitalism.
When it flood in Aranguez, yuh think the farmers does reduce the price of baigan to help people OUT?

[edyle]

There are manufacturers, plummers, electricians, grocers, bakers, cooks,

jewelers, distributors, importers, transporters...

What is a BUSINESSMAN ?

[Amelia]

Thieves.

[vaio]

Business

[lexbarker]

It's business. You are the consumer and you have the choice to go elsewhere or import it.

If nobody buys it then the price might be different.

[shield_2006]

I ran a business in NY some years ago--we had a 331/3% mark up as a benchmark to cover all costs and profit--how does a 300% mark up work out as a good business practice---am I hearing the argument--buyer beware? am I hearing the argument--in business anything goes? am I hearing the argument that capitalism is a justification for theifing? OR am I hearing the argument--especially from falcon--that since is Trinidad it alright--and is that the normal practice in that place where he resides?

[shield_2006]

maybe you should have a thief break into your home, or point a gun at you before you make that comparison eh?

yuh think it not possible to rob somebody with a pen?

[BW]

Tell me again how you voluntarily spending your money at an establishment is equivalent to them teefing?

[shield_2006]

Tell me again how you voluntarily spending your money at an establishment is equivalent to them teefing?

do without ---right?

[BW]

Or *gasp* shop around for a better price or a substitute?

[shield_2006]

It almost suggests that this is a one way relationship in which the seller has no responsibility and it is the buyer who must have no expectations--what utter hogwash

[vaio]

Or *gasp* shop around for a better price or a substitute?

consumer power!

[BW]

Was there no other shop selling the tire cheaper shield? Was there no other tire on the market that could work in place of it?

As a buyer of course you could have expectations, but in no way are you *entitled* to have a store bend over backwards to meet your demands.

[letric]

Was there no other shop selling the tire cheaper shield? Was there no other tire on the market that could work in place of it?

As a buyer of course you could have expectations, but in no way are you *entitled* to have a store bend over backwards to meet your demands.

We all have the power of choice ...

[edyle]

I ran a business in NY some years ago--we had a 331/3% mark up as a benchmark to cover all costs and profit--how does a 300% mark up work out as a good business practice---am I hearing the argument--buyer beware? am I hearing the argument--in business anything goes? am I hearing the argument that capitalism is a justification for theifing? OR am I hearing the argument--especially from falcon--that since is Trinidad it alright--and is that the normal practice in that place where he resides?

The way I see it there is nothing to complain about in prices. If you are unhappy about the price you don't buy it. Maybe you'll decide to offer the same item at a more competitive price! If you're not doing that then what's the point of complaining?

[straphanger]

it's not black and white as the subject of this thread leads you to believe. some businessmen just try to milk out as much as they can from unsuspecting consumers. I dont think i'll label them as theives though (i prefer greediness)...I do have the option not to buy from them. And I would be a fool not to shop around.

[letric]

it's not black and white as the subject of this thread leads you to believe. some businessmen just try to milk out as much as they can from unsuspecting consumers. I dont think i'll label them as theives though (i prefer greediness)...I do have the option not to buy from them. And I would be a fool not to shop around.

Are there ethics in business?

[edyle]

Are there ethics in business?

Now I like that point.
Do Businessmen have ethics? Importers, exporters, produces, grocers,, people who have a APPROACH to work as their contribution and just compensation my have ethics and a healthy competitive spirit. But what do we mean when we refer to a BUSINESSMAN?
Is a drug lord a businessman?

What is the distinction between a man who knows and provides goods and or services in a certain field of activity; who has an opinion and understanding of an industry; from a businessman, who would involve himself in any field of which he may know little but of which he sees a way to put money to make money; even if it ends up destroying the industry! It's just business, after all!

So perhaps the difference is to do with ethics.

[straphanger]

Are there ethics in business?

isnt that like asking if there are ethics in politricks lol

business majors...is there such a class- business ethics?

[shield_2006]

Was there no other shop selling the tire cheaper shield? Was there no other tire on the market that could work in place of it?

As a buyer of course you could have expectations, but in no way are you *entitled* to have a store bend over backwards to meet your demands.

bend over backwards? not at all--but profiteer nah man--not at all--and while I can understand the confusion in this topic for people who operate in this country--I was of the view that there was a level of expectation that a business would offer a fair price for a product.

As you would have noted--or maybe not--and I glean so too form the other comments--I choose to exercise my right of choice by bringing the item myself--I can do that--can everyone? and is it that since there are others who can not then it is ok for them to be penalised.

What is a reasonable profit level?

How is that determined? --by lifestyle?

What about low margin high volume?

Does anything and everything become acceptable in the name of business?

[shield_2006]

isnt that like asking if there are ethics in politricks lol

business majors...is there such a class- business ethics?

I know that there is significant emphasis on recognising and meeting the needs of consumers--because here is also a realisation that if there are no consumers there is no business

[edyle]

bend over backwards? not at all--but profiteer nah man--not at all--and while I can understand the confusion in this topic for people who operate in this country--I was of the view that there was a level of expectation that a business would offer a fair price for a product.

As you would have noted--or maybe not--and I glean so too form the other comments--I choose to exercise my right of choice by bringing the item myself--I can do that--can everyone? and is it that since there are others who can not then it is ok for them to be penalised.

What is a reasonable profit level?

How is that determined? --by lifestyle?

What about low margin high volume?

Does anything and everything become acceptable in the name of business?

Maybe the place can very well afford to retail that tire for a much lower price, but when somebody is selling items, they tend to sell at whatever price people are actually paying. If stuff is selling fast and they can't keep up, they up the price; if stuff is selling slow and taking up usefull space, the drop the price.

Oil has a reputation for making lots of profit for a few but creating relatively little employment; there will be supplier who target the high end market with high priced items.

[miktay]

Shield: Interesting example of 'capitalism' at work...

But tell me..if u can souce this product abroad and land it cheaper than local retail...why isnt everyone doing the same?

[guyguy]

business majors...is there such a class- business ethics?Yes. There is - at least the school I attended. Two classes - Medical Ethics & Business Ethics - were mandatory. Oh ... one of the textbooks I remember was called; "Ethics - Theory and Practice" by Jacques P. Thiroux.

[oecarb]

How can an item that RETAILS for US$132 have an retail price of TT$2,800.

I priced a tire yesterday and this is what I found--a Michellin tire Pilot on Tire Rack web site for $132 and this is what I get quoted from the lcoal supplier.

These people mad. i can buy ship and clear way inside of the value--which I will do--but many people can not do that and are subject to the profiteering of these charlatans who have no real business discipline or apparently acumen-- and just know how to mark up a huge margin and abuse consumers

Seem to me it have a gap in the market here. If I was you, I would start taking orders and shipping them down.

By the way I once had a neighbour who worked for customs. He used to buy tyres, put them on rims and bring them down. He tell me it didn't have duty on car parts but the duty on tyres was high. Put them on the rim and they become wheels (parts) lol

[shield_2006]

Shield: Interesting example of 'capitalism' at work...

But tell me..if u can souce this product abroad and land it cheaper than local retail...why isnt everyone doing the same?


Seem to me it have a gap in the market here. If I was you, I would start taking orders and shipping them down.

By the way I once had a neighbour who worked for customs. He used to buy tyres, put them on rims and bring them down. He tell me it didn't have duty on car parts but the duty on tyres was high. Put them on the rim and they become wheels (parts) lol

Not everyone can source overseas because not everyone has a credit card, an internet connection, a freight forwarder(by ship) due to weight issues--and the savvy.

oecarb- it is true there is a gap in many markets but there is an issue here of immediacy also and I also recognise the business that has to stock has costs so I respect their right to make a "reasonable" return.

[letric]

Business is esentially trading...

[miktay]

Not everyone can source overseas because not everyone has a credit card, an internet connection, a freight forwarder(by ship) due to weight issues--and the savvy.

oecarb- it is true there is a gap in many markets but there is an issue here of immediacy also and I also recognise the business that has to stock has costs so I respect their right to make a "reasonable" return.

I may be wrong but...a person with enuf $ 2 own an Suv...would have prob have Internet access (work or home), credit card (tt 3k limit notwithstanding), frt forwarder etc...

Am guessing there has 2b other reasons 4 the hi price...

[oecarb]

oecarb- it is true there is a gap in many markets but there is an issue here of immediacy also and I also recognise the business that has to stock has costs so I respect their right to make a "reasonable" return.

Shield, I don't know how it is now but back in the late 70s people used to fly to Miami, buy a fridge, put it on the plane, fly back to TT, pay duty and still end up saving money. This customs friend of mine used to always buy more tyres than he needed, fly them back and sell the extra ones.lol

[Falcon]

Shield, you hear me saying that business practice says you buy something cheapest and sell it expensivest (sic).

Competition drives a price down. I charge what I charge because it have few like me and employers are free to headhunt elsewhere.

When a price needs reducing 'for the poor suffering consumer' that is for responsible governments and subsidies to sort.

Where do you get off calling business people thieves! The cheek!!

[shield_2006]

"OR"--you pick--

price gouging is an acceptable international practice?

IMAGINE SOME PLACES HAVE ANTI-TRUST LEGISLATION--AH WONDER WHAT FOR

and what about regulators---so CLICO was ok then? one rule for some and another for others? Those people who lost their money should say--what the hell--that is capitalism--what about Sanford? market places require no control--why is there a consumer complaints authority?

[edyle]

"OR"--you pick--

price gouging is an acceptable international practice?

IMAGINE SOME PLACES HAVE ANTI-TRUST LEGISLATION--AH WONDER WHAT FOR

and what about regulators---so CLICO was ok then? one rule for some and another for others? Those people who lost their money should say--what the hell--that is capitalism--what about Sanford? market places require no control--why is there a consumer complaints authority?

If enough persons are buying Michellin Pilot tires for TT$2000 then I suppose that's what they would sell for. For me, just the brand name alone tells me I probably couldn't afford Michellin tires anyway, its not something I would consider. For those who can afford it its their choice.

There's a complete difference between demand/supply and outright FRAUD.
Anti-trust legislation:
http://economics.about.com/cs/economicsglossary/g/anti_trust.htm
Here's one definitiion

Definition: Anti-trust legislation is legislation designed to break up existing monopolies and prevent the formation of new monopolies to increase competition and societal welfare.

The issue there is that you can have one entity keeping other suppliers out of the market.

I wouldn't see anti-trust legislation applying here with the Michelin tires, but I sure do see an issue with Coca Cola and Pepsi in Port of Spain. In many grocerery stores in POS, you can buy Coca Cola, OR maybe they will have Pepsi, but AMASINGLY you dont find a place that sells BOTH!! Hilo in Maraval carries Coke, but not Pepsi. If you go Boss Burger in St James, you can get Pepsi for a drink but not Coke; right next door at Royal Castle, you would get Coke but not Pepsi ! As far as I'm concerned I wish people would just blank BOTH Coke and Pepsi for doing that. But anyway, THAT is an issue of anti-trust. You have competitors making deals with distributors to supply only their product and not the product of their main competitor.

Another case to my mind is for example this issue of the West Indies Cricket Team. Is it the West Indies Team or is it the Digicel Team?

And how about the Carnival? I think it was only last year, that somebody presumed to buy and somebody presumed to sell EXCLUSIVE TV coverage rights to a TV broadcaster, and Gayelle found themselves being pushed around just for recording or broadcasting carnival on the streets right outside their TV station location!

[miktay]

The issue there is that you can have one entity keeping other suppliers out of the market

Ding ding ding ding....

And if u can guess who iz the entity u will have the root cause of the problem.

[edyle]

Ding ding ding ding....

And if u can guess who iz the entity u will have the root cause of the problem.

My guess is it's Coca Cola. They're the bigger ones.

[miktay]

My guess is it's Coca Cola. They're the bigger ones.

In your example Coca cola has an effective monopoly in some stores...

In Sheild's example the price of tyres appears too high...

How are these free markets?

[edyle]

Coca cola has an effective monopoly in some stores...

How iz this a free market?

Maybe that was sarcasm but at first I thought you misread my post.

Yes there's something going on with the Coke and Pepsi thing and I raised it in connection with the Anti-trust concept.

[miktay]

Bidnezz sells at the highest prices it can get..

The problem iz not Coke or Pepsi or men selling tyres @ exorbitant markups...

Where are the competitors who drive prices and monopolistic behaviours out?

.

[Redman]

"OR"--you pick--

price gouging is an acceptable international practice?

IMAGINE SOME PLACES HAVE ANTI-TRUST LEGISLATION--AH WONDER WHAT FOR

and what about regulators---so CLICO was ok then? one rule for some and another for others? Those people who lost their money should say--what the hell--that is capitalism--what about Sanford? market places require no control--why is there a consumer complaints authority?

try bringing in the tire before you compare the prices.

I bring in PLENTY stuff-Amazon is the best-the prices all in tend to be lower by about 20-30% after freight duties etc.

SO the 132 USD could easily jump to 200+ after freight taxes etc-for the tire-which is heavy.

I refuse to comment on CLICO-lol

At the end of the day we are able to exercise discretion and compare prices.


If someone is uninformed they allow themselves to be taken advantage of-caveat emptor.

Customers are crooked as well-you factored in bad pay bounced checks and outright thievery by 'customers' and the costs associated.

The online comparison can be misleading.


Later

[shield_2006]

Reds---yuh describe a kinda capitalism gone mad scenario dey breds where the consumer and supplier in an incessant war

Nevertheless--you know of a highly regulated industry where good management and proper controls can still maintain a positive bottom line--and compare that to people who only know how to buy cheap and sell dear and call it business

Incidentally I cited the Anti Trust matter merely to indicate that such things are necessary to avoid the very issue I raised in the op

[Poser]

Price is a reflection of supply and demand ......

not everyone has computer access ... however if you can source the product at a lower price .. landed ... then this may be a good opportunity to let entrepreneurship work .. open your supply depot ..


.

[Poser]

My guess is it's Coca Cola. They're the bigger ones.

companies that distrubute drinks ... cola .. beer etc.. ask for a monopoly on their product and they pay for it with incentives ..you ever wonder how come businesses get big screen TV's .. new bar stools ... etc..

.

[Solachica]

So I bought something for US$3.69 online and paid abt $69 to collect it today.

[lexbarker]

I ran a business in NY some years ago--we had a 331/3% mark up as a benchmark to cover all costs and profit--how does a 300% mark up work out as a good business practice---am I hearing the argument--buyer beware? am I hearing the argument--in business anything goes? am I hearing the argument that capitalism is a justification for theifing? OR am I hearing the argument--especially from falcon--that since is Trinidad it alright--and is that the normal practice in that place where he resides?

And where is that business today? Was there a lot of turnover and cash flow? Is it belly up? Was 33% enough to survive? Different businesses have different markups. Where there is a high turnover the profits are usually smaller, much smaller, like groceries which is one of the lowest. Sometimes the sale products are break even or slightly lower than wholesale to attract consumers hoping that they would buy other stuff to help make up. As you move away from the perishables the profits start increasing till you reach the high end products. What about tax and duties on the imported stuff. But as a educated/informed consumer look around first before committing to an expensive purchase. I don’t think the guy has a monopoly on tires so look at other resources.

[letric]

And where is that business today? Was there a lot of turnover and cash flow? Is it belly up? Was 33% enough to survive? Different businesses have different markups. Where there is a high turnover the profits are usually smaller, much smaller, like groceries which is one of the lowest. Sometimes the sale products are break even or slightly lower than wholesale to attract consumers hoping that they would buy other stuff to help make up. As you move away from the perishables the profits start increasing till you reach the high end products. What about tax and duties on the imported stuff. But as a educated/informed consumer look around first before committing to an expensive purchase. I don’t think the guy has a monopoly on tires so look at other resources.

Sound business suggestion.

[shield_2006]

So I bought something for US$3.69 online and paid abt $69 to collect it today.

sola--that is based on weight and means of shipping--which is why I indicated the retail price in the US for the item as opposed to a container load of an item by sea. There is a marked difference in the landed price and therefore the duties and taxes etc.--yet-- I can bring an item at retail by sea as a single item -pay the taxes and duties and make a substantial saving on the retail price in Trinidad.

I keep hearing that the consumer alone is responsible for the business relationship.

[lexbarker]

I keep hearing that the consumer alone is responsible for the business relationship.

Short of a mono (duo) polies or cartel, consumer habits drive business relationship.

[edyle]

companies that distrubute drinks ... cola .. beer etc.. ask for a monopoly on their product and they pay for it with incentives ..you ever wonder how come businesses get big screen TV's .. new bar stools ... etc..

.

Right. Well, here comes the question about Anti-Trust legislation.
A Company that distributes drinks, if they wish to ask for a monopoly on their product, are they doing something which you would want?
That's what Anti-Trust legislation is about. It is about Companies doing things, not to increase production, not to increase quality, not to decrease costs of their own systems, but taking an action directed at keeping other Companies out!

If it is not illegal, Companies are likely to get forced to do it also to survive! Whoever isn't doing it is likely to lose out!

Instead of healthy COMPETITION holding prices down, the WAR between the Opposing sides pressures prices to go up.

Actually its probably the man in the middle taking the bribes to only sell either sides product thats probably making the money. That might be the key to effective and just anti-trust legislation.

[edyle]

sola--that is based on weight and means of shipping--which is why I indicated the retail price in the US for the item as opposed to a container load of an item by sea. There is a marked difference in the landed price and therefore the duties and taxes etc.--yet-- I can bring an item at retail by sea as a single item -pay the taxes and duties and make a substantial saving on the retail price in Trinidad.

I keep hearing that the consumer alone is responsible for the business relationship.

The list price of the MIch Pilot tire was what? 200US$; so what would be your final cost getting it to your hands.
The local retail price of the tire from some particular place in Tdad was what TT$2000?
Give us the two figures so that we can make a genuine comparison
1: your final cost in getting the tire from the US to your hands
2: the local price here (Which we have already.)

[Falcon]

Shield, yuh send a letter to consumer affairs yet

[Solachica]

Customs is abt 35-45% :-/ and then there is shipping cost.

[edyle]

Customs is abt 35-45% :-/ and then there is shipping cost.

132 x 6 x 1.4 = 1109.

Now, what's the shipping cost estimate;;;; $100 per tire? $500 per tire?
With a final price of 2800 that means there probably about a 100% markup.

[Sirius]

How can an item that RETAILS for US$132 have an retail price of TT$2,800.

I priced a tire yesterday and this is what I found--a Michellin tire Pilot on Tire Rack web site for $132 and this is what I get quoted from the lcoal supplier.

These people mad. i can buy ship and clear way inside of the value--which I will do--but many people can not do that and are subject to the profiteering of these charlatans who have no real business discipline or apparently acumen-- and just know how to mark up a huge margin and abuse consumers

It seems that you are ignoring market forces.

Assuming an exchange rate of US$1 to TT$6.40, then US$132 = TT$844.80

You priced it off an online store. That store enjoys a larger market for a larger volume of sales to sell their goods and so can sell it cheaper than a shop in an island nation. Instead of having to pay for storage and retail space, an online store only has to pay for storage. Then, the item has to be shipped overseas to T&T, cleared at the port and get VAT added to it.

Consider that Tire Rack's sales volume may be so large that our wholesale price may end up to be close to their retail price. Just landing the tire here without even marking up for profit, our tire is probably now well into the $1000 range.

So now we have to ask, how much markup to place? Well, what's the market condition like? How much are people paying for comparable tires? Is your store considered a "premium" outlet that will afford you a higher markup? How much are your customers willing to pay and how quickly are you selling your items?

You may find it unfair, but for the business owner to do it any other way is just bad business for the owner. You as the consumer ALWAYS have the choice to take your business elsewhere, and if enough people are of similar mind then the owner would simply have no choice but to reduce his profit margin to maintain sales.


EDIT: Whoops! I didn't notice this thread had 3 pages. Sorry if I only reiterated other posts...

[Falcon]

Is alright Sirius, he ent listenin anyhow

[guyguy]

Shield.
Go here, get the discount, put them on your vehicle, then sell the tires you took off your vehicle.

http://www.firestonecompleteautocare.com/tires/index.jsp?s_kwcid=TC%7C6460%7Ctire%7Cwww.ttonline. org%7CC%7C%7C7650908313&gclid=COWZ3vHm46kCFSE_gwodjERZ1Q

[atma]

Shield: Interesting example of 'capitalism' at work...

But tell me..if u can souce this product abroad and land it cheaper than local retail...why isnt everyone doing the same?

Because people might think is garbage you selling.For example you could be selling de same product that everybody selling for say $2000.You walk on de market and sell it for $1000 and nobody will buy.They will think what you selling is inferior as they have been condtioned ie robbed by high prices all de time

[Sly1]

http://www.therundown.tv/videos/misc-videos/south-park-and-its-gone-scene/

The money gone!

[letric]

http://www.therundown.tv/videos/misc-videos/south-park-and-its-gone-scene/

The money gone!

Money is only a tool.

[shield_2006]

PRICE--$132X6.45=$851
SHIPPING=$520
CUSTOMS 20% =275
VAT 15%=246

TOTAL=$1,892

MARK UP 50-55%

thing is those costs relate to one item and do not have the benefit of a container load or commercial discounts--so do note represent the real cost to a business doing the importing.

As far as Consumer Affairs--well--I sorted my problem out and I did not buy--but I suspect that this isn't the normal response of the local consumer--indeed some people like to boast of how much they paid as a badge of their status--not me.

I am thankful that it is not one of those Chinese products that are bought for next to nothing labeled as superior brands and sold like the original item--which is another popular activity in the local "BUSINESS' sector

[Falcon]

Plus rent for storage space
Plus electricity water and phone Internet and fax
Plus staff salaries
Plus advertising
Plus equipment depreciation

And then what is the real mark-up (noun)?

Them tyres selling cheap now that we talking; what say you shieldos

[shield_2006]

cheap? for who? not me---mine cheaper--because you fail to acknowledge that I bought retail from a supplier who have all that built in the price already.

An importer in Trinidad does not buy from a retailer.

[Falcon]

Sigh

I meant those costs to be added to the importer's bill; not your retailer

[Redman]

Allyuh-we live on an island-we have to import everything.
You not paying more for the tire-you paying for the convenience of it being here,now on demand.

Anybody who wants to is free to set up a business and price his goods accordingly-its a free market with few price controls-as it should be

Consumers dont need more protection-they need more education, WE need to be more discerning.

Shield-I take your point and agree-but it isnt dishonesty on the dealers part-he running HIS biz how he want to.
If more people did what you did-he will either sell more at that price,or be forced to reduce it.

50% for the time and effort to find pay, import, transport and store the tire - if he getting that more power to him.

Later

[shield_2006]

Sigh

I meant those costs to be added to the importer's bill; not your retailer

and I meant the retailer will not pay retail price for his imports.

ah getting giddy

[Sirius]

Tire rack deals with massive volumes of sales. Don't you think the reality is that their retail price is likely close to the bulk price of importing a couple of them to T&T? Go to a distributor and ask for the bulk price of 1,000 of a given item and then ask them for the bulk price of just 50 of the same item. See if the costs differ...

[Amelia]

I say is thief.
I have yuh back dey mammoo, go tru.

[Redman]

Somebody indicate to me where the line is drawn between business and thief as in % mark up.
Thanks



I say is thief.
I have yuh back dey mammoo, go tru.

lol

Later

[edyle]

Somebody indicate to me where the line is drawn between business and thief as in % mark up.
Thanks




lol

Later

That's a good point. There is no absolute line as such. The practical matter is whether the item sells at the given price. The seller can ask whatever price he wants. If the item DOES NOT SELL, then the price is too high.

There is no THIEF issue here, but perhaps there is GREED. Some would call it capitalism.

[shield_2006]

Tire rack deals with massive volumes of sales. Don't you think the reality is that their retail price is likely close to the bulk price of importing a couple of them to T&T? Go to a distributor and ask for the bulk price of 1,000 of a given item and then ask them for the bulk price of just 50 of the same item. See if the costs differ...

tire rack doh have overheads or wah?

[guyguy]

Ah wonder how much mark-up Amelia does charge for she services at Villa? rofl ... rofl ... rofl

[shield_2006]

Ah wonder how much mark-up Amelia does charge for she services at Villa? rofl ... rofl ... rofl


LAWD FADDER--I hope she doh see this---nah--not my sweet cakes

[miktay]

Ah wonder how much mark-up Amelia does charge for she services at Villa? rofl ... rofl ... rofl

Dammit..I din get the memo...

[guyguy]

Dammit..I din get the memo...Dais because she probably feel yuh rell cheep. lol

[Sirius]

tire rack doh have overheads or wah?

What does that have to do with anything? I simply indicated that Tire Rack would deal in a much higher volume of sales than a local retailer. As such, their purchase price would be lower than a local store. Therefore, they can afford to make their profit at a lower selling price. I ask you again, if you purchased 1,000 of an item from a wholesaler, would you pay the same unit price as if you bought only 50 of the same item?

This of course is aside from the fact that an online store does indeed have lower overheads than a brick-and-mortar store.

[miktay]

Dais because she probably feel yuh rell cheep. lol

Arm...when u say cheap...how u mean?

I'z ah man wid plenty kannections..pesos...rupees...

...Guyanese dollars?

[guyguy]

Arm...when u say cheap...how u mean?

I'z ah man wid plenty kannections..pesos...rupees...

...Guyanese dollars?rofl ... rofl ... rofl

[shield_2006]

so if I am to follow your argument to its logical conclusion--it would be that a local importer would be paying more than the retail price of an on line store despite the fact that they are buying form a manufacturer---is that it? because i still based my assessment of the situation on a retail price form a dealer and not a manufacturer.

Even if as you say-and I concede--the unit price to the smaller buyer would be higher--would it be higher than the retail price of the on line store? ex-factory price and all?

would their shipping cost be greater than mine?

[edyle]

so if I am to follow your argument to its logical conclusion--it would be that a local importer would be paying more than the retail price of an on line store despite the fact that they are buying form a manufacturer---is that it? because i still based my assessment of the situation on a retail price form a dealer and not a manufacturer.

Even if as you say-and I concede--the unit price to the smaller buyer would be higher--would it be higher than the retail price of the on line store? ex-factory price and all?

would their shipping cost be greater than mine?

Maybe the local retailer in question did what you would do and ordered it from a retailer?

[Sirius]

so if I am to follow your argument to its logical conclusion--it would be that a local importer would be paying more than the retail price of an on line store despite the fact that they are buying form a manufacturer---is that it? because i still based my assessment of the situation on a retail price form a dealer and not a manufacturer.

Even if as you say-and I concede--the unit price to the smaller buyer would be higher--would it be higher than the retail price of the on line store? ex-factory price and all?

would their shipping cost be greater than mine?

It's possible re: their purchase price. In fact, if you check it out, Tire Rack themselves are also a wholesaler, which makes it all the more likely. A simple breakdown would put the landed cost of the tire easily past $1000 - maybe as high as $1500+, and a 100%+ markup is not unheard of or unusual.

Their shipping cost would not be greater than yours, no, but there are other forces at play. Long story short, a large online store based in the continental United States is not a fair comparison to a brick and mortar ship in a small island nation.

People are just selling on the open market what the open market is willing and able to pay. We can always argue with the amount of mandatory taxes imposed by the state, but when it comes to private enterprise it's all up to market forces. The seller simply won't be able to maintain their markup if they didn't have buyers.

[shield_2006]

ANYWAY---I have another question?

A CEO of a Company is caught taking an under the table payment from another individual in another Company with respect to a transaction--it is fairly widely known--and then there is another transaction with another State Company with which another transaction was engineered and which also became public knowledge. The current status is that the CEO has left the Comapny and returned to a family enterprise---HOW IS IT THAT THIS MATTER HAS NOT GOTTEN THE ATTENTION OF THE POLICE? or is it only corruption when it involves Politicians and Public Servants---don't you think that we need to be more effective in sending messages that certain behaviour is not acceptable?

I suppose Gibbs will say nobody din them nuttin? Is the Police supposed to investigate when malfeasance takes place? Is white collar crime really subject top punishment?

[edyle]

ANYWAY---I have another question?

A CEO of a Company is caught taking an under the table payment from another individual in another Company with respect to a transaction--it is fairly widely known--and then there is another transaction with another State Company with which another transaction was engineered and which also became public knowledge. The current status is that the CEO has left the Comapny and returned to a family enterprise---HOW IS IT THAT THIS MATTER HAS NOT GOTTEN THE ATTENTION OF THE POLICE? or is it only corruption when it involves Politicians and Public Servants---don't you think that we need to be more effective in sending messages that certain behaviour is not acceptable?

I suppose Gibbs will say nobody din them nuttin? Is the Police supposed to investigate when malfeasance takes place? Is white collar crime really subject top punishment?

I think the answer is the the police are effectively bought off or otherwise unable to act.

[Redman]

I think the answer is the the police are effectively bought off or otherwise unable to act.

Not necessarily-
For the TTPS to successfully investigate,detect, and lay charges-there needs to be active support from the company itself,and the individuals being willing to come forward,give evidence, and show up in court.

I know that there are plenty cases of corruption and graft in the corporate sector-and in dealings with the state enterprises in particular.
I know that we have qualified tenacious members of the TTPS that are excellent investigators,in the fraud squad.
Unless a crime is reported-there isnt anything for TTPS to do.
I believe, given the logjam in the judiciary-ie the length of time cases take, the TTPS will always be hindered by a lack of support of the citizenry.
And the TTPS will always be vilified by the same citizenry who are unwilling to do their part.


Go figure


Later

[edyle]

Not necessarily-
For the TTPS to successfully investigate,detect, and lay charges-there needs to be active support from the company itself,and the individuals being willing to come forward,give evidence, and show up in court.

I know that there are plenty cases of corruption and graft in the corporate sector-and in dealings with the state enterprises in particular.
I know that we have qualified tenacious members of the TTPS that are excellent investigators,in the fraud squad.
Unless a crime is reported-there isnt anything for TTPS to do.
I believe, given the logjam in the judiciary-ie the length of time cases take, the TTPS will always be hindered by a lack of support of the citizenry.
And the TTPS will always be vilified by the same citizenry who are unwilling to do their part.


Go figure


Later

Yeah; like I said "or otherwise unable to act".