Amid volatile costs for raw materials, CFOs grow bolder about increasing product prices.
Tim Burke, CFO Europe Magazine
November 3, 2008
I always feel price hikes are an indication that there is inefficiency in resource procurement, production and allocation. By right prices should fall as economies of scale and scope are enjoyed by companies. By increasing prices it shows that there is a discrepancy which is depicted in developing countries where inequity and exploitation by corporations are taking place. Also, major national projects are brainchild of despots that are only too willing to throw money away.
Posted by Jon Tay | November 12, 2008 01:11 pm© CFO Publishing Corporation 2009. All rights reserved.