Friday, 30 November 2012

No More 'Yo-Yo' Prices

The Office of Fair Trading (OFT) has been investigating the way prices are displayed, advertised and promoted in stores. It raised concerns about prices being artificially inflated to make later discounts look more attractive.The major UK supermarkets have now agreed to adopt a set of principles drawn up by the OFT. Classic regulation of an Oligopoly's non-price competition?