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Re: Price increase
It makes me wonder how many people actually bother to check to see if their suppliers are competitive or if they are getting the best deal possible. I was watching the local news yesterday when there was an article on telephone rental being discussed. If I remember correctly it said that some 3 or 4 million BT customers still rent their phone from BT which costs something like £4 or £4.50 per quarter. I can't remember the exact figure and can't find it in the BT price list. You can get a simple phone these days for less than one quarters rental from BT. Why don't people look at what they are paying and save themselves some money.
I believe that it is this attitude that helps companies hold onto customers even when they are more expensive and offer lower quality services. You can see the scene in the telco, cable and satellite companies boardrooms when they discuss price increases. "Yep, lets put the prices up and give us more revenue so that we can pay ourselves bigger bonuses, the suckers will stay with us and pay it".
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