steveh_131
Grandmaster
BehindBlueI's said:An admission the market sets prices and that costs do not? Progress!
Uhh. What? Both the market and the costs affect prices. Prices may trail cost fluctuations based on competition, but it all factors in.
BehindBlueI's said:So, let's be honest. Its not about bring competitive unless we see price drops undercutting current market price. Else its just to increase profit margin. That's not evil, but its also not mandatory to being competitive.
A company has to be able to make enough profit to satisfy the shareholders and to remain solvent. There's no way around that. In this instance, Carrier foresaw cost issues due to their suppliers now being located in Mexico and their competition already being located there and opted to make the move now before those cost issues tanked them.
Owning a company is a large time and financial investment. Demanding that someone continue to make that investment while not making enough profit to be worthwhile is just plain silly.