Is it just me? or are the out of state business markets trying to get their last big buck before the summer is officially over? I have noticed that markets such as Panama City Beach and Orange Beach for example, have most of their hotel rooms marked up to what is was during peak summer season. However, just a few weeks ago, many places had their rooms marked less than what labor day prices would be. That trend is also being seen in many of the local clothing stores. They mention how some of their merchandise is a certain percent off, only to get there and see any of their items were marked up (most certainly name brand) material. So that led me to ask my self, is this a good business ethic? I guess it can be debated but someone is willing to pay what the store is asking, I guess they felt it was a good buy. I for one, will see past the advertising methods and find the best deal.
It most certainly can. One of the biggest things that I have learned through research and other classes at Wallace State, is that a business can fall flat on its face if its in the wrong area. I also have some first hand experience on this topic as well. My family owned an automotive shop in a well populated blue collar area. The business thrived! Many times, business had to be turned away to another day because of being backlogged. My family decided to move the business over different reasons, mainly the rent had skyrocketed and the owner of the building had become very sick and unwilling to co-operate with some of our demands. Once we were moved, business picked up eventually but the workload was never the same. I am sure this has been the case with thousands of businesses that have been in the wrong location as a start up, or moved their business to a cheaper district. Some may argue that if the business is good enough, it will survive anyway. I would much rather pay a higher rent t...
Comments
Post a Comment