I think you’re unintentionally mixing up a few things. I paraphrased or quoted M00’s earlier post, but at no point did i say the companies can afford to lose money - because that would be unreasonable of me. That’s not the point of a business - even a small one.
Whether a company can afford to lose money or not is not in my purvey - idk and idc. I said that they can gain less profit. Gaining less is still a gain - not a loss. Even 100& profit is a nice, then you can bump up to 150% or w.e. number is good for you to keep the lights on, not starve, put money back into your business and even pay yourself/save a bit. Again, my bestie is the budgeter, not I, but if you can do those things, that’s a steady, healthy profit.
When you overprice so much that you can buy a Hummer, private jet, etc etc. While that’s nice for you but definitely doesn’t qualify you as a decent human being, lol. Mind, if I’m thinking of Bimshire esp, where you would not want to drive your Hummer on these roads in the first place, lol.
For reference, 100% profit, for instance, is if you get an item for free and sell it.
Here’s another thing. Price Smart is an US firm that opened here. When they first opened, the prices were much closer to what is reasonable for the comparable cost of living here. People were flocking there and ignoring the overpriced, locally owned oligopolies. So then, one of the local dudes, who happens to be a Senator in the government, complained. Price Smart was forced to raise their prices.
That’s what I mean about gaining less. The other supermarkets could have lowered their prices (and truly still been making good profit, but they were accustomed to making SUPER profit),
That is it in a nutshell. Even when Regional Pricing is feasible, reasonable and not difficult to implement, like Geeky said, companies just… don’t.