Bunnings only survive because they takeover surrounding competition. Monopoly control laws are not enforced in Australia. Bunnings is the MacDonalds of the hardware world. Eventually they will be challenged. Masters could have succeeded but the board is full of number crushers who are out of touch with reality and only interested in bonus payments.
Bunnings buy out specialist stores to stop competition. When the national minimum wage rise then monopoly control will fail. This is why liberal screamed when Ablo talked about raising wages.
Hourly wage rate at bunnings $25hr, lowest wage $18 for a 15yr old.
The minimum hourly rate should be $30 hour.
Large corporations like bunnings only survive in a scab wages environment or they would fail.
$30 price fair value with reasons, page-139
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