4 ms·
I have experienced a culture shock after moving to the US and looking at prices for some items. The best summary I have is "in USA, the thing is worth as much a
by bialpio 4y ago
I have experienced a culture shock after moving to the US and looking at prices for some items. The best summary I have is "in USA, the thing is worth as much as people are willing to pay for it", unlike the previous mindset I had, roughly "take the cost of producing something and add X% markup" where X is not too high.
- catiopatio 4y agoWhere did you come from? What you’ve described is specific to humanity, not the US — “the thing is worth as much as people are willing to pay for it” is a near universal truth.
- bialpio 4y agoPoland. I think folks there are more price-sensitive and it helps keep the prices at a more reasonable level. Coming from Poland, my price-setting approach would not take into account how much something is worth to the customer, just how much it cost me to produce + low double-digit percent markup.