Another consumer rip off in the hands of the multinationals.
Many items in the retail stores of the likes of JB Hifi, Dick Smith Electronics, and many others are grossly inflated for higher than 'normal' profit margins.
The item under review in the illustration provided is a pair of speaker stands.
This pair of speaker stands retails at JB HiFi for AU$169.
The same item at other variety stores sells to the public for $10.
The item at JB sells for more than 16 times the value at other stores.
Another example of how globalisation benefits the multinationals and NOT the consumers.
Retail giants are crying poor, that they cannot make 500% markup on some of their products.
They vigorously promote at whopping 30% discount on some items, when still making 200% profit.
Many of these companies also avoid paying tax through various schemes, which are supported by the government, because they provide a service to the community (by employing people).
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