Would you hoard products to force an increase in a price so you to make profits?

[King Belieal]

Just imagine the cost of production has increased and the prevailing market price is not profitable for you and other businesses in your field. And everyone agrees to hoard products to force an increase in price to a level that would favor all you business people in the sector. Would you join in to hoard the products?

 

[eLdavis]

At the end of the day i need to ensure the survival of my business. If this is a joint agreement from others who are in the same line of business with me and it would help my business scale through that tough period then yes.

 

[Min George]

Every business is about making profits. If I have to hoard products to make profits, I don't mind. Customers don't care about the health of the business.

 

[Kross]

I would try to interface with customers and see if a compromise can be reached. If it doesn't work, I would join the hoarding.

 

[Suba]

In my country, hoarding goods, especially basic necessities such as cooking oil, rice, etc., which causes the supply of goods in the market to become scarce so that prices increase, will be subject to criminal sanctions.

 

[Trush Jodie]

In my country, hoarding goods, especially basic necessities such as cooking oil, rice, etc., which causes the supply of goods in the market to become scarce so that prices increase, will be subject to criminal sanctions.

What would the dealers do when prices refuse to rise for the product in the same rate with inflation. Keep selling at a loss?

 

[Suba]

What would the dealers do when prices refuse to rise for the product in the same rate with inflation. Keep selling at a loss?

The price of basic commodities will automatically adjust to the inflation rate, dealers will not lose,

 

[Augusta]

I know a lot of business people do this to make a whole lot of profit but I don't think I' can tow that route I would not like it

 

[Fidelia]

Business is not about emotions and sentiments. If my business at a time requires that I hoard products to be profitable, I would.

 

[Augusta]

People tend to hoard products that are inelastic in price so that when the price of the product does increase, the demand for that product is maintained.