Playing "The price is right"

#1 Jul 20th, 2009, 14:15
Join Date:
Jul 2009
Location:
australia
Posts:
10
  • Rahee is offline
#1
Just a query among with many other travellers I met as to why shopping items are unmarked in pricing as opposed to the west with every item labelled and fixed in price.

Could anyone shed some light on the logic/reason and economics behind it please?
#2 Jul 20th, 2009, 14:34
Join Date:
Oct 2004
Location:
Chennai, India
Posts:
68,307
  • Nick-H is offline
#2
Simple: the price depends as much on the customer as on the item!
~
Life gets aadhar every day.
.
#3 Jul 20th, 2009, 14:42
Join Date:
Jun 2009
Location:
Bombay
Posts:
72
  • theicarus is offline
#3
Rahee,

I'm not an expert here but it's not a general fact that prices in India aren't marked.

In the retail landscape, there is a term called MRP (Maximum Retail Price) which you will often find on the package. This price is determined by the manufacturer to protect the interest of consumer to ensure the retail channel does not sell above the MRP.

Each state has different taxation rules so usually it's complicated printing the MRP on the product and a sticker is often used. Defacing the MRP is an offence. Having said that, small unorganised retailer routinely deface the sticker in order to have a greater say in the price. I can imagine that in tourist areas, retailers could be charging above the MRP and that may be what you experienced?

However it must be said that this practice is overall on the decline as consumers get smarter and modern retail picks up (grown to around 5-10% of overall trade).
#4 Jul 20th, 2009, 15:17
Join Date:
Oct 2004
Location:
Chennai, India
Posts:
68,307
  • Nick-H is offline
#4
True.

I think it is the gift shops, and the tourist sector that do not put prices. Apart from that, the only places I can think of where one cannot just see the label oneself is jewellery.
#5 Jul 20th, 2009, 15:20
Join Date:
May 2007
Location:
New Delhi, India
Posts:
7,747
  • shashank.aggarwal is offline
#5
all the thinks for that come in packets or any other form of packaging would have a price on them.
Foodiye - If you are looking for Indian Recipes and Eating out suggestions.
#6 Jul 20th, 2009, 16:40
Join Date:
Oct 2004
Location:
Chennai, India
Posts:
68,307
  • Nick-H is offline
#6
Yes, but mostly the tourist/gift/souvenir market does not come packaged.
#7 Jul 21st, 2009, 07:59
Join Date:
Jul 2009
Location:
australia
Posts:
10
  • Rahee is offline
#7
Thanks for the replies. My experience with unmarked products that I fancy is to give it a miss for the fear of being quoted some ridiculous price. In other words it's a no win situation for both the vendor and customers like me.

I suppose the mrp is a good initiative by the manufacturers. Thanks theicarus for pointing out that it is an offence to deface the mrp as I every so often came across it being either scratched out or blackened out with a dexter.

Just a tip on shopping, don't take a local with you thinking he will bargain hard on your behalf. I did it once only to find out,contrary to my expectation, the dude just kept silent all the while in the shop. So I paid what was asked, 650 for a pair of joggers, and left. An acquaintance next day pointed out that it was only worth 300 and upon questioning he explained my trusted representative gets his chai pani (commission) for bringing a customer in the shop. LOL. This is India.
#8 Jul 21st, 2009, 08:36
Join Date:
May 2003
Location:
Northern California
Posts:
5,360
  • wonderwomanusa is offline
#8
Quote:
Originally Posted by Rahee View Post My experience with unmarked products that I fancy is to give it a miss for the fear of being quoted some ridiculous price. In other words it's a no win situation for both the vendor and customers like me.
That's where the bargaining starts; you should never pay "first price."

Offer 10% to 15% of that first quote and plan to come up gradually to somewhere around 40%-55%. If they offer you some tea, sit down and play the bargaining game with the shopkeeper.
The map is not the territory. --Alfred Korzybski
#9 Jul 21st, 2009, 09:20
Join Date:
Jul 2009
Location:
australia
Posts:
10
  • Rahee is offline
#9
Quote:
Originally Posted by wonderwomanusa View Post That's where the bargaining starts; you should never pay "first price."

Offer 10% to 15% of that first quote and plan to come up gradually to somewhere around 40%-55%. If they offer you some tea, sit down and play the bargaining game with the shopkeeper.
Yup, it take a while getting used to it especially when one's
upbringing/ego/pride dictates not to make yourself look cheap or lose face when placed in this uncomfortable situation

Similar Threads

Title, Username, & Date Last Post Replies Views Forum
Need Review On "Darjeeling Tourist Lodge" and "Hotel Sailung" Feb 21st, 2010 17:40 2 3762 Darjeeling
A query about E-Sangha forum/"bad" Buddhism/"Dark Zen" Jan 22nd, 2008 17:44 33 12218 Spirituality and Religion in India
"Amu" Playing in San Francisco Jul 30th, 2007 09:44 0 665 Books, Music, and Movies
Jaisalmer- """""""""""""" Hotel Dec 9th, 2006 22:23 2 3950 Rajasthan


Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forum Rules»
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Thread Tools
Display Modes

Search Engine Optimization by vBSEO 3.3.2
© IndiaMike.com 2017
Page Load Success