KyJim
..... I do keep track of those who tremendously increase the price on the non-essential items and I usually don't do business with them in the futre. I feel the same way if a company is within their legal rights, but still screws me.
Huh?
You can't be screwed if you JUST DON'T BUY FROM THEM!!!
"Screwing" usually means a seller sold you a defective or misrepresented product or forced you to buy.
Buyers remorse for overpaying? That's not the same as being screwed.
Customer service, which includes fair pricing, breeds customer loyalty.
"fair pricing"? Who are you to determine whats "fair pricing?
You don't know what the sellers wholesale cost was, you don't know what price he needs to turn a profit, nor do you in short you are wholly and totally ignorant of what "fair pricing" really means.
You equate fair pricing with what price you are willing to pay, with what the item may have sold for in the past or what others are selling the same item for.
WalMart often sells ammunition cheaper than my wholesale cost at a distributor. I expect to make a profit, so if my price is higher the WalMart......am I screwing the buyer? NO I'M NOT.
The American automobile manufacturers forgot about this decades ago, opening the door for Japanese and German imports in the 1970s and 80s for the everyday person.
Fair pricing had less to do with the decline of American automobiles than the decrease in quality. Frankly, the Japanese did everything better.
That doesn't mean prices don't legitimately rise because of increased demand, but some businesses let profiteering guide their practices. It may be good in the short run, but not so good in the long run.
Now we've gone from "gouging" to "profiteering".
Name the businesses that let profiteering guide their practices. Waiting for a pandemic, election panic, rioting in the streets panic to sell your product? DOES NOT HAPPEN. It doesn't happen because those events don't happen with regularity.
Businesses are in business to make a profit. That's what guides a business. When it doesn't, it won't be in business for long.