If someone opened a store and just sold stuff at cost, which undercuts every other competitors by alot. Would this not for the big corps to come way down on their prices?

https://lemmy.world/post/44722285

If someone opened a store and just sold stuff at cost, which undercuts every other competitors by alot. Would this not for the big corps to come way down on their prices? - Lemmy.World

Lemmy

To put it simply, cost isn’t the same for everybody.

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Also, unless you’re selling literally everything, they can pad their margins on what you don’t provide, and pound you into the ground with loss-leaders, ON TOP of volume discounts. That’s how Walmart destroyed local businesses, by taking “acceptable losses” selling below cost for a while until it broke the competition.