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Friday, March 6, 2015

Selling Your Stuff

If you bought items on eBay, or in a store, who much did you pay? Did you get a deal on them?
Let's say you choose to turn around and immediately put those items up for sale.
How much will you sell them for?
The amount you paid?
Less than what you paid?
More than what you paid? If so, how much more?

Let's pretend you are a pharmacy. You purchase some items from a wholesaler. Perhaps you got a deal on them, depending on the quantities you purchased. How much will you sell them for?
The amount you paid?
Less than what you paid?
More than what you paid If so, how much more?

Why is it that you would wish to make a profit on your personal resale business and as owner of your own pharmacy, but when a pharmacy attempts to make a profit, it's price gouging?

How many people out there have sold, or purchased, the must-have Christmas item for a woefully inflated price on eBay? Someone is able to buy multiples of this item. When demand soars, they put it up for sale to the highest bidder. While this is basic supply-and-demand, most businesses do not adjust their prices daily to respond to market conditions (see gas prices).

When we pay more for what we buy, we have to charge more. With law changes going into effect that impact what manufacturers can charge for their medications, they are raising some prices exponentially before they are not allowed to do so. This is one of the reasons medications will disappear for a few weeks then come back with 300% to 1000% price increases. While I am happy for you that you were able to get some things for under $10 last month, now it's going to cost you 2-3 times that.

Blaming the pharmacy for passing along these costs is like blaming the pizza delivery guy for the spike in pepperoni costs.


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