SBST,
selling a low price doesnt mean cannot make a profit. nor selling a
high price products can make a profit.
SAAB sell high end car but GM lost money in this company.
in China, TV are selling cheap price but they can still make a
profit.
I dont know how much profit they make, but the price of our
products found in the supermarket are not much expensive compare to
Malaysia supermarket and in many items, singapore supermarket are
selling cheaper. If consumer feel econ minimart, carrefour, Giant
are selling much cheaper, they have a choice. If consumer feel NTUC
car insurance policy are not good, they can have alliance, AIG,
many other smaller company. we do have a choice. these company can
wrestle the consumer away from NTUC if they can provide better
services and value for money for consumer. in the end,isnt it what
consumer want, value for money.
but workers doesnt have any more choice if their union are not
protecting their interest.
