Sorry to DanG for this thread getting so off-topic. That said, the stuff below is just begging for a logical, economics-based response
I'll reply to Dan in my next post...
Quote:
Originally posted by isotope240
i have made many purchases in my life. we all have. do you think that we havent already been paying for people who run scams like the one i am considering? hell, i've probably paid hundreds of dollars to cover such costs, and i really see no problem with joining in to get something out of it. like i said, if it makes the prices go up for everyone else, i dont really give a damn. |
This is one of the most flawed and ignorant arguments I've yet heard about retail ("ignorant" in the dictionary definition of the word, not the pejorative usage). This kind of behavior screws not just other people, but yourself.
The scams you describe are actually quite analogous to what is known in economics as "The Tragedy of the Commons." To put it in layman's terms, there's a set of goods that everyone can enjoy. As long as everyone plays by the rules and doesn't take advantage of the system, it works great. However, because of the way the system is set up, it
seems rational to each individual to say "I'm not hurting anyone by taking more than my share, since there's plenty to go around." Yet the dilemma is that if
everyone thinks that way, the system collapses under the load. The "logical" loophole does nothing in the end but screw everyone, including those taking advantage of it.
Business set up liberal return policies as a service to customers. The idea is that if a customer is truly unhappy with a purchase, they can return it for a full refund. Assuming that most users are honest, the business adds a small amount of overhead onto each product sold to pay for the money lost by people returning items (since returned items have to be sold below the original price). When everyone is honest, the amount of the per-item surcharge is very small, and everyone gets good prices.
However, the way the system is set up, people like you can take advantage of the system by buying something and then returning it with the intention of buying it back again at the "returned goods" price. You even try to rationalize it because this is a "huge chain store" with millions or billions of dollars in gross revenue. Yet the dilemma is that the more people like you taking advantage of this customer service, the more expensive it is for the business to offer that service. The business can respond in several ways: raising prices across the board to cover the increased costs; providing a disincentive to returning items (such as a 10% restocking fee), or discontinuing the return policy altogether.
So you -- yes you -- end up in a situation where either a) you can't take advantage of this loophole any more because the return policy is gone; b) it's not worth it to take advantage of it, because the restocking fee is as much as or more than the money you would save from your scam; or c) because of all these scams, prices across the board rise, so that some product that you buy, then return, then buy again at a discount ends up costing the same as it would had you bought it new before the price increases.
It's difficult to argue that your scam is not dishonest in and of itself. But even if you fool yourself into thinking that it's "honest," the fact is that you're only screwing yourself in the long run.
Quote:
Originally posted by isotope240
what? how the screw is it fraudulent? when i puchased that cd player, my receipt said the following:
"If something's not right or you've simply changed your mind, please bring it back within 30 days so we can either exchange it or give you your money back."
i'm not going to damage the cd player; i am just going to take it back in the same condition i purchased it in. i have a right to do that. i also have a right to go buy it back when they discount it. what is the problem? they are circuit city's rules, i am just using the rules to my own advantage. what in the hell is wrong with that? |
Um... returning it within 30 days is perfectly acceptable, since that's what the 30-day return policy is for. What's "fraudulent" is going back the next day and re-buying it as a "demo" or "return."
The return policy exists so that customers who aren't happy with their purchase can get their money back. The fact is that you
aren't unhappy with your purchase, and you
don't want your money back -- you WANT the DVD player, you just want it for cheaper. Geesh! It's already an amazing product for the price you paid for it, and you want it for cheaper?