PILOON
Super Star Member
When I owned a small business the gov't (Can) said that I should claim 'made in Canada' and provided me with rolls of little stickers to attach to my product.
Fact was that it was all electronics and everything came from offshore with us simply adding a case and faceplate.
Markets (and some blind luck) allowed me to take a $100. (direct cost) item and market it for $2500. retail. and even give a discount to dealers.
The laws governing the claims stated that taxes, profits, packaging, shipping were all legitimate to claim the 50% content.
That's why a Chicom item becomes legitimate 'made in' item!
My understanding is the same or similar rules exist in US.
Every day I see on Chicom websites glaring examples of this and the greed of some retailers.
The nice guys take a reasonable % (like 2X) while often I see the exact same item retailed elsewhere for 3X and even 4-5X!
It is the old 'ask whatever you think the market will bear' approach.
Fact was that it was all electronics and everything came from offshore with us simply adding a case and faceplate.
Markets (and some blind luck) allowed me to take a $100. (direct cost) item and market it for $2500. retail. and even give a discount to dealers.
The laws governing the claims stated that taxes, profits, packaging, shipping were all legitimate to claim the 50% content.
That's why a Chicom item becomes legitimate 'made in' item!
My understanding is the same or similar rules exist in US.
Every day I see on Chicom websites glaring examples of this and the greed of some retailers.
The nice guys take a reasonable % (like 2X) while often I see the exact same item retailed elsewhere for 3X and even 4-5X!
It is the old 'ask whatever you think the market will bear' approach.