USBGF rate increase
Posted By: Adam Torkelson In Response To: USBGF rate increase (Rod)
Date: Thursday, 18 July 2013, at 2:53 a.m.
In Response To: USBGF rate increase (Rod)
Rod states: "I can also tell you about how the USCF tried to raise rates to $50 about a dozen years ago and was forced to backpedal and lower them to $35 after the ensuing protests."
Given that inflation averages 3% per year, $35 12 years ago is equal to about $48 today. And given that a company needs to exceed inflation to grow, $50 is quite reasonable (I would argue it is too low, actually).
As a financial analyst and accountant, I can tell you that any business that doesn't raise its prices for TWELVE YEARS (AT ALL!!) will very likely go under. My god, not even 3% per year for inflation!
And you have the AUDACITY to complain about a price increase after TWELVE YEARS of the same low price!!!!??????
It's no wonder they had so much trouble.
Messages In This Thread
BGonline.org Forums is maintained by Stick with WebBBS 5.12.