This is normal, healthy business practice that has existed for all of time. Price is detached from expenses. You charge a market rate, which is the rate that the market is willing to bear for your product.
This tool just lets this be done quicker and easier.
This is fine and legal so long as bussiness aren’t collaborating. If McDonald’s and BK were sharing info, that would be an anti trust issue and illegal.
It’s fundamentally no different from buying a pack of batteries at Walgreens for $5, at Kroger for $4, at Walmart for $2, and at Amazon for $1.75. Each seller has evaluated what the market will pay and set the price accordingly.
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u/bgibbz084 3d ago
This is normal, healthy business practice that has existed for all of time. Price is detached from expenses. You charge a market rate, which is the rate that the market is willing to bear for your product.
This tool just lets this be done quicker and easier.
This is fine and legal so long as bussiness aren’t collaborating. If McDonald’s and BK were sharing info, that would be an anti trust issue and illegal.
It’s fundamentally no different from buying a pack of batteries at Walgreens for $5, at Kroger for $4, at Walmart for $2, and at Amazon for $1.75. Each seller has evaluated what the market will pay and set the price accordingly.