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Debate House Prices
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Pricing Question
kriss_boy
Posts: 2,131 Forumite
Is there an economic term for pricing some extremely high in the knowledge that you are unlikely to sell it. So selling it in very low quantity but at a very high mark up.
Im talking about the likes of small shops or service stations having odd items that are so extortionate they are just playing on the fact that someone might need it in an emergency as opposed to selling it at a reasonable price more frequently.
Im talking about the likes of small shops or service stations having odd items that are so extortionate they are just playing on the fact that someone might need it in an emergency as opposed to selling it at a reasonable price more frequently.
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Comments
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I think it's known as 'airport prices'.0
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Or "Rip off".0
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I suppose it would be some sort of terminology to describe selling something in low quantity but with a large markup, in favour of selling it in large quantities but with an extremely low margin. Hmmm...0
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Ahahhahahaha!!!! This is going to end up as houses isn't it?!!??!?! What do I win??!?0
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No haha! It was something in conversation today and it irritated me that I couldnt remember the term for it...0
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I think it's known as 'airport prices'.
.. 'airport price', 'service station price' , 'taking the p1ss price', 'captive audience price' ........
Call it what you will.
If you want it that much you'll buy.
If you don't, you won't"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
.. 'airport price', 'service station price' , 'taking the p1ss price', 'captive audience price' ........
Call it what you will.
If you want it that much you'll buy.
If you don't, you won't
I guess so. thanks.
Im off work tomorrow so Im shamelessly squeezing every minute out of today by staying up late, watching rocky 4, and messing around on here.
Do you know Ive unwrapped yet another present because Im hungry. This is the 4th item Ill have to buy again and wrap... mmm.. M&Ms...0
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