Comment by irthomasthomas
1 month ago
I love this quote from Walmart describing loss leaders turned inside out.
A store, for example, might ... charge slightly more for several items in order to sell something else at a break-even price or even below cost.
Imagine, Alice: "I think we can sell this plastic gizmo for 1000% markup" Bob: "Wonderful, we can use those profits to lower prices on things people need!"
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