Swingman wrote:
"Jim Wheeler" wrote in message
The boy is right - cost is not a basis for pricing in a competitive
marketplace. Knowing and controlling costs is a requirement to make
a profit and stay in business over the long run, but is definately
not a factor in setting price in a free market.

Horse****. Are you _still_ self-employed, Jim?

How about just one, ubiquitous, example of 'price based on cost' that
likely happened a thousand times somewhere in this"competitive market
place" of good and services we live in? Ever hear of a "cost plus
contract"? The price of the contract is most definitely BASED on ...
all together now: COST!.

Both you guys need to understand that you're talking esoteric,
wannabe MBA voodoo economics when the thread is about one-off
woodworking items, so leave the wannabe MBA bull**** to the real MBA
bull****ters ... that's about all they excel at.

MBA = More Bad Administration

JMO

Gary