Greed or supply and demand? If demand was too high should you not sell at a higher price? I mean that is business. Or are you referring to monopoly supermarkets that the government will solve….. cough cough. Could you hand me a tui.
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I remember somethings I was ordering about 2 years and it went up over 300% in 2 years. It was due to a massive increase in ordering from South Korea meaning more demand than supply. There was also a short supply of those items in nz and that increased demand where other nz businesses were stockpiling further increasing demand. I guess you know what happened after that. Maybe profit expansion maybe just good business sense on their part.
Yeah I know...
Like the Comcom massive report that said return on capital was 23.8%, thousands of hours work went into that report.
Then they revised it to 13.1%...
And then... your commie mates said that 13% was too much return on capital and;
'The commission estimated that Countdown and Foodstuffs’ combined profit would fall by $430m a year if they earned a 5.5 per cent return on their capital, instead of the 12.9 per cent annual return it said they enjoyed between 2015 and 2019.
Commissioner John Small described that figure as excess profit but would not put an estimate on how much the measures recommended by the commission might bring down the companies’ profits, or the weekly shopping bill'.
5.5%! Hell Daytrader can probably do that on his cell phone.
Supermarket margins are common knowledge.