The United Auto Workers union is on strike against General Motors, Ford and Stellantis, the first time in its history that it has struck all three of the nation’s unionized automakers at the same time.
Yeah, the cost to make something doesn’t determine the price it will be sold it. It determines if it’s worth making and selling it at all. And it’s not even based on the current cost or price, but projected ones.
Thank you for saying this. The price is set at what the market will bear.
Yeah, the cost to make something doesn’t determine the price it will be sold it. It determines if it’s worth making and selling it at all. And it’s not even based on the current cost or price, but projected ones.