buyer power refers to the ability of supermarkets to mould as they wish their relationships with those who supply them with products to sell.
REAL COST OF LOW PRICES - The phrase implies that the prices which supermarkets charge their customers are not the true cost of the product. In this argument, the true cost of a product is always driven down by the fact that those involved in producing the product – whether that is workers in Bangladesh who sew clothes or migrant labour who pick fruit and vegetables in the UK countryside for the large supermarkets – are not paid fairly and their working conditions are poor. If the true costs of people’s labour were reflected in the cost of products, their price would be much higher.
MUTUAL EXPLOITAION
The concept of mutual exploitation might be used to refer to any kind of work-placement scheme where young people work for free, thereby benefiting the firm or organisation but also the young people by gaining valuable work experience. This situation of mutual exploitation would be described as a positive-sum game as both sides win to some extent. This view could be contested, however, because some see work-placement schemes as exploitative of young people.
buyer power refers to the ability of supermarkets to mould as they wish their relationships with those who supply them with products to sell.
REAL COST OF LOW PRICES - The phrase implies that the prices which supermarkets charge their customers are not the true cost of the product. In this argument, the true cost of a product is always driven down by the fact that those involved in producing the product – whether that is workers in Bangladesh who sew clothes or migrant labour who pick fruit and vegetables in the UK countryside for the large supermarkets – are not paid fairly and their working conditions are poor. If the true costs of people’s labour were reflected in the cost of products, their price would be much higher.
MUTUAL EXPLOITAION
The concept of mutual...