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Momodou
Denmark
11835 Posts |
 Posted - 11 Oct 2006 : 12:33:13
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PRICE HIKES PINCH URBAN POPULACE
By Yaya Bajo
The month of Ramadan is a period of spiritual retreat during which Muslims are expected to reflect on their creation and live a pious life. Because of the importance of the month, Muslims are expected to demonstrate love, sympathy, generousity and kindness. In view of this, prices of basic commodities especially, are expected to be within the reach of the average consumer. However, that hardly happens. What normally happens is the opposite instead, where the price of some basic commodities go beyond the reach of the ordinary citizen.
The exorbitant prices of goods impacts negatively on the livedhood of the average Gambian and expenses in the month of Ramadan are normally unbearable.
This reporter visited the Serrekunda Market, one of the main business outlets in the country, and sought the views of some vendors and consumers alike on the continuous increment of certain basic goods around the country. A wholesaler dealing in provisions along Sayer Jobe Avenue argued that business requires skills and expertise in order to survive the competition. The man who only identified himself as Sayd, noted that in establishing a business, one has to consider certain factors such as Political, Economical, Social and Technological, which he said are pre-requisites for a successful business. He added that sometimes the prices of certain commodities fluctuates due to unfavourable market situations which according to him depends on the forces of demand and supply in a given period of time. He further remarked that import duties levied on imported goods also have a bearing on the selling price of goods.
Mr Sayd said that if custom duties levied on imported goods increases, the selling price of that consignment will also show sharp increment which is borne by the final consumer. He therefore called for a review of custom duties with a view to making goods relatively affordable to the final consumers who bear the brunt of the hardship. He maintained that if wholesalers also fail to consider the tax levied on their imported merchandises when selling to the retailers, they will run at a lost.
Market vendors (retailers) who were interviewed randomly expressed the fear of running into losses, if they lower the prices as they also obtained goods with unfavourable price from the wholesalers. However, the brunt of this whole saga is born by the final consumers most whom are farmers living below the poverty line.
Source: Foroyaa Newspaper Burning Issue
Issue No.87/2006, 9-10 October, 2006
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Janyanfara
Tanzania
1350 Posts |
Posted - 12 Oct 2006 : 14:52:08
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I think this sayd is a business professor,He seems to know everything business personels do to raise up high and conform to social,political,economic and environmental changes.These are what makes a successiful business.Most do not care if consumers sweat to get their daily needs.
One can learn a lot from this sayd. |
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