Thompyt
Specialist
- Joined
- Jun 14, 2011
- Messages
- 320
Nooo. Not the most evil of all principles...PROFIT MAXIMIZATION. {sm3}
Of course, some will always be against anything or anyone that engages in Capitalism. Personally, I am pro-capitalism, pro-profits, pro-business, pro-entreprenuer, etc.
Economic theory deals with pricing strategy. Known as "price elasticity", it can be especially acute for discretionary products. Im sure K&C is FULLY aware of the principle.
For those who dont like when companies make profits and think buisness should be regulated to a certain level of profits/return on investment, or perhaps penalized when a "fair level" of profits is exceeded, places like Venezuela and Cuba may better suit your personal beliefs.
I understand price elasticity very well. I condone capitalism and profit maximization. If you wish to become communist, my best wishes, I myself will stay in the capitolstic USA. The point is people balk at percieved overpricing. The publics view provides a large impact on sales. No sales is loss of profit. Loss of profit eats operating costs. Profit margine dissapears.