FTC investigates high grocery prices
As the Federal Trade Commission investigates the reasons behind high prices reported by the U.S. Department of Agriculture, an ASU agribusiness expert sheds light on price inflation at grocery stores.
In this story published Aug. 13, 2024, on ABC 15 Arizona:
If you took all of their profit and divided it by the revenue they generated from all their store that’s only 1.4% as opposed to tech companies that make over 50%. So net margin is the best indicator for profitability in any company across any industry.
– Timothy Richards, professor and Marvin and June Morrison Chair of Agribusiness
Latest news
- Calling all business leaders: Connect, collaborate, and grow at W. P. Carey Partner Day
Corporate decision-makers are invited to this inaugural ASU event to engage with industry…
- What is opportunity cost?
ASU economics expert explains the key differences between opportunity and sunk costs, two…
- What are economic indicators?
ASU economics expert explains how policymakers use statistics and economic indicators to…