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Businesses will increase costs to cover it, just like they do now.
by kasey_junk 4y ago
Businesses will increase costs to cover it, just like they do now.
- Silhouette 4y agoHow will that help in the scenario the GP described? The businesses would still have to refund those higher charges.
- suzakus 4y agoI think the scenario is that in the case of normal purchases, your profits need to be higher to cover these fees on any returns.
- Eisenstein 4y agoEveryone pays more for everything the retailer sells until their revenue and costs ratios match roughly as they did before, with variation depending on competition intensity and elasticity of the products sold.
- dylan604 4y agoEveryone else that bought something at the higher prices covers the fees when the much smaller number of people request the refund. So it is essentially crowd funded