In Belgium the sale would be invalid because a company is not allowed to sell at loss. This is an anti-competitive measure to protect amall business from corpos
That’s an ill-thought out law. Bigger companies can run at cost or reduced profit and still out compete smaller companies due to economies of scale and diversified income streams.
What does a grocery store do with food that’s got to go and isn’t selling? I like the idea of dismantling the megacorp strategy, but I can’t help thinking it would lead to a lot of unnecessary waste as companies just throw things out instead of trying to recoup a small fraction of their investment.
In Belgium the sale would be invalid because a company is not allowed to sell at loss. This is an anti-competitive measure to protect amall business from corpos
That’s an ill-thought out law. Bigger companies can run at cost or reduced profit and still out compete smaller companies due to economies of scale and diversified income streams.
What does a grocery store do with food that’s got to go and isn’t selling? I like the idea of dismantling the megacorp strategy, but I can’t help thinking it would lead to a lot of unnecessary waste as companies just throw things out instead of trying to recoup a small fraction of their investment.
I’m fairly certain that that only applies to standard pricing, not discounts and promotions that run for a limited time.
You’re correct, but only in certain circumstances. This has changed recently.
https://www.elfri.be/artikel/verkopen-met-verlies
Otherwise Steam sales would be illegal in Belgium