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#11
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![]() Businesses can charge what the market will bear for their products.
If a new business wants to compete, it has to be able to provide a more attractive alternative, be it price or product. So far, I have not seen anyone do that in the Calgary market. Wai's is the one to beat. I could buy more volume if I went somewhere else, but I would hate to see Calgary lose the high quality products that Wai's offers. I don't argue with the price, so I'm an easy customer to deal with, versus someone that complains about the price and tries to buy items for less. Less profit = harder to do business = possibly going out of business entirely. When I was in business, startups wold come into my market and offer cheap similar products at low prices. It hurt my sales. I know what it is like. Less than a year later, the startup was gone and out of business, because they weren't making enough money. Meanwhile, my sales suffered, I had to let people go, reduce my inventories and it took a while to build back up again. Soon another startup would try again and the cycle continued. I wish good luck to all businesses, but I'm not a fan of shopping for cheap prices alone.
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Mitch |
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