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Costco could easily triple their cost of their hotdogs and still be cheaper than everyone else. They don't because they know it would be foolishly destructive t
by Zenzero 2y ago
Costco could easily triple their cost of their hotdogs and still be cheaper than everyone else. They don't because they know it would be foolishly destructive to their reputation in the long term.
- katbyte 2y agoThey also faced pressure during the pandemic to increase their margins like other companies were doing to price gouge. But of course that would do the same to their rep and is not where they make there money. Iirc 80% of profits are from memberships
- paulddraper 2y agoSo that's an example of business making the right long-term decision.