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Morals and ethics in sales

MoSurveyor said:
Sorry for the late reply. In your last sentence you've introduced a new concept into the discussion, the subject of "good" vs "bad" price, which I take to be a consumer issue - not a question of right and wrong (morality). Obviously, a McD's in a ritzy part of town with lots of businesses (where real estate is expensive) will have to charge more for a Big Mac than the McD's down the street from me where there are "reasonable" land values. I don't think anyone would consider that "wrong".


The question I was asking wasn't about your prices but about pricing in general. If people believe that pricing practices can be right and wrong (as many in this thread seem to think) then my question still stands; "Who exactly determines what is right and wrong?" Essentially what we're talking about here is, "How much profit is too much profit?". While I personally believe income - for everyone - should be limited by our society's overall wealth, I know that most people don't believe that and I certainly don't expect my ideals to be realized in the near future. Given our current socio-economic system I don't believe anyone can reasonably argue that there is such a thing as too much profit. If you believe otherwise then I'm certainly willing to listen but I have as yet to hear a good argument against it.
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Profit margin on any given sale and income are two entirely different things. A small town business may have lower overhead but also may have a much lower sales volume which would require a higher mark-up (profit matgin) just to make ends meet.
 
ttwtt78640 said:
Profit margin on any given sale and income are two entirely different things. A small town business may have lower overhead but also may have a much lower sales volume which would require a higher mark-up (profit matgin) just to make ends meet.
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And I find nothing wrong with that nor, I suspect, would most people.

When I used the term "profit" I wasn't talking about the profit (margin) on any given sale. Again that's a "good"/"bad" consumer thing, not a matter of right or wrong. I was talking about yearly profit (income) and I believe that was the intent of the OP's question.



Maybe I'm wrong; maybe the OP doesn't understand business well enough to know the difference. :shrug:
 
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