VIC Setting Prices for Products

Discussion in 'Commercial Law Forum' started by Kiwazaru, 28 July 2019.

  1. Kiwazaru

    Kiwazaru Member

    Joined:
    28 July 2019
    Messages:
    2
    Likes Received:
    0
    Hi all,
    I have a question about how I can legally set a price for my product?
    I just established my business, got my products made in Asia, then I imported it back to Australia.
    In this case, is it a fraud if I set my prices way lower than any other similar ones in the market? Because I have a good source of manufacturer, shipping,etc. which reduces my cost.
    I really need an advice before setting rhe prices! ;(
    Thank guys!
     
  2. Rob Legat - SBPL

    LawTap Verified

    Joined:
    16 February 2017
    Messages:
    1,830
    Likes Received:
    376
    So long as you’re not setting an artificially low price to damage competition and you’re not in a price regulated market (both of which are unlikely), then you can set your own price.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Kiwazaru likes this.
  3. Kiwazaru

    Kiwazaru Member

    Joined:
    28 July 2019
    Messages:
    2
    Likes Received:
    0
    To be more specific, my products are disposable gloves. In Australia, they are around $120/carton, but my price will be just around $70/carton. I don't know is this industry its price regulated or not.
     
  4. Rob Legat - SBPL

    LawTap Verified

    Joined:
    16 February 2017
    Messages:
    1,830
    Likes Received:
    376
    Not to my knowledge.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Kiwazaru likes this.
  5. Tim W

    Tim W Lawyer
    LawTap Verified

    Joined:
    28 April 2014
    Messages:
    3,077
    Likes Received:
    650
    Nor to mine.
    Go ahead and sell at whatever price you choose.
    Consider however that a price that is (thought of by would-be cusomers as) "too low"
    might make the customers think (right wrong) that they are of lesser quality.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Kiwazaru likes this.
Loading...

Share This Page

Loading...
gt;