insurance

Cruise Ships

One of the highlights of a cruise ship trip to the Bahamas is a visit to the local market. Some bargaining will take place; you will feel good about your purchase, getting a great price, and the vendor will have sold one of his wares. This system works and has stood the test of time because there are no price floors or ceilings.

For example if I want to buy a handmade blanket for $20 in the above example with a little negotiating I can buy the blanket for $16. Still not comfortable with the price, I can walk away and the vendor will make a finally offer of $14. Because I know there are three other vendors selling similar, not necessarily the same, blankets nearby I can refuse the offer. Both of us are free to negotiate, up or down, in this scenario. I can pay $14, the vendor can lower his price to $13, or the deal can come to an end.

What would happen if the cruise ship company decided to check each vendor to ensure they were worthy, provide them perks, and guarantee a certain number of customers each day or pay him for any lost business? Furthermore, the cruise ship company agrees they will take Continue reading…