In his words, “People usually say that fuel price is the cause of the increase in prices of goods, but even when fuel price drops, the prices of goods don't drop. Once anything shoots up in price, it barely goes down. Why?”
I reasoned his points, and it's nothing but the truth. The government is not the only problem we have; we are also contributing to the problem we are facing.
If you visit the market, each shop you enter to get goods has its own unique price. Same goods, same quality, but different prices.
It hurts to see that even when the things responsible for making prices of goods increase are taken care of, the change doesn't reach the market.
In business, I believe that both ethics and profit matter, but there has to be a balance between the two, and that is where many people miss it.
The truth is, in any business where either of the two is missing, that business is bound to crash with time.
Ethics in business builds trust and keeps customers. I am among those who respect and admire people who are just in their dealings.
As a vendor, once I notice that you are trustworthy and money is not the only reason why you are into business, I don't hesitate to patronize you. In fact, even if your shop is at a very distant location, I don't mind spending money to come over to your shop for my transactions.
There is this particular shop I always buy goods from in the town, and if the goods are not available, I prefer to just go home and come back whenever it is available, unless it is something needed urgently.
Why do I prefer the shop? Their contentment and lack of greed. Every other shop in my community either adds fifty naira or more to the prices of goods, but that very shop doesn't
Aside from that, the way they measure their goods in the shop is always different from that of others. As a result, the shop is always crowded.
This is one of the advantages of being fair and sincere in business. No one is saying you should not make your money, but it should not be too much.
Some business people cheat; they want to make double out of everything they sell. The prices of their goods are always high, and the quantity and quality are nothing to write home about.
Does that mean that one should just forget about profit and focus on pleasing the customers? Not at all.
If you have any business that you are not making any profit from, it's better to shut down and look for another thing to do.
If your concern is always about pleasing customers, you will soon go bankrupt. Ethics in business isn't becoming Father Christmas; it is simply doing the right thing, it is simply being just and fair while you make your profit.
In my opinion, if you don't make a profit, then it is not fair. But the profit should not be an evil one. Be honest with your prices, have quality goods, and the quantity should be reasonable too.
You must not make double everything; the little interest you make is more blessed than anything else.
With this, you didn't only profit money, you also profited in adding value to your name, your business, and to humanity at large.
N.B: All Images Were Generated By Meta AI