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Suggestion to stop sales of products on-line at lower prices!
Posted on: 19/Sep/2014 3:16:20 PM
Indian Association for Ethnological Product Trade has warned hat on-line shopping services should stop selling products at lower price than the production cost. Otherwise they will stop supplying products.
The press release informs:
As the on-line shopping services sell products at prices lower than the production cost, all other retail traders suffer from loss of business.
Products such as cell-phones & tablets are sold at very low prices by the on-line traders. The Association has informed that it will ask all the 25000 members to stop supplying these products to these on-line traders.
However, on-line traders have responded by saying that they are only an avenue for selling different products. Flipkart & Amazon PR agents informed that only the manufacturers decide the price.
