why do the wealthy /rich feel that they dont have to pay full price for goods sold?

Answer 1

I don't understand your question... If you mean celebrities getting free designer handbags, jewelry, and clothing, it's given to them so that it can be seen as a status symbol and sold for a higher price to those who want to be in that elite group. (Think how every celebrity it seems has a Birkin bag...) It's marketing, simply put.

If you mean that some people haggle where they can, it's because only suckers pay MSRP on a vehicle (even dealer invoice makes car dealerships money because of holdback and all of these other incentives) or pay what a seller is asking at a flea market. If you can negotiate a lower price, why not? It doesn't hurt to ask in most cases! Some people spend so much that they ask for a volume discount. This makes the customer happy and likely to return later to spend more money and, thus, more profit for the business.

Answer 2

Most rich people know that "full" price (usually a very arbitrary figure with competitor pricing, market, and positioning taken into account) is actually ALWAYS OVER-priced. All goods have both a price and a cost, with the positive difference being the profit:

Cost + Profit = Price.

Profit can mean .5x, 2x, or even 10x or more of the cost, depending on product, industry, and market situations. That's how rich people get rich: from the profit, not from the price or cost.

Only in very special and rare situations is the profit negative, where the stated "full" price is actually LOWER than cost. (Like Sony's PS3, which is rumoured to be selling belowing cost.)

Full price is a complete 100% fiction & illusion, and most rich people know that. Most consumers, apparently, do not.

So never, ever pay price - you're getting gypped.

Answer 3

I suppose you first determined the definition of the words "rich" and "wealthy" and polled every person who fits the criteria. Otherwise you're making an assumption that you can not substantiate. Thank you for doing so. I agree, when you want to make a purchase you should be asked to provide a financial statement. If you are wealthy you should pay a premium. You should not be allowed to keep what you've legitimately earned. How about this? You're jealous and broke. If you want to be prosperous you can be. Wake up and realize that wealth is not a zero sum game.

Answer 4

Interesting Question. You have 2 options when buying something; cash or credit. If you pay credit, and carry a balance you will pay interest on the balance and invariably pay extra for the item. Not to mention when you use credit, the retailer also pay between 1% and 4% to the processing company for the opportunity to take your credit card. Paying cash, is simple. Some people ask if there is a cash discount, some places even give a cash discount. Envision going into a car dealership with cash in your briefcase, and after negotiating a price, ask for a cash discount, opening your briefcase revealing your loot. Trust me, they will fall all over you to serve you. Money talks, everything else walks basically. Poor and unknowledgeable people do not pursue things and ideas the the wealthy do, thus the difference in financial standing

Answer 5

Walmart sell stuff for good price of course... But about the products, I don't think it's Wal-mart's responsible since most of it product was manufacture by other brand and company... Let's say pantene, it's only 5.76 at wal-mart but 7.99 at CVS... so?... it's juts the same stuff.. I don't know y some IDIOT would say walmart is idiot and would pay more for the same quality stuff yet think that they r smart... LOL... So IDIOT... ya, they r way too smart.

Answer 6

Thats why they are wealthy. They save money instead of spending it.

Answer 7

Where do you get this information from?