Singapore's HEAVILY Subsidised Universities.
-
Originally posted by maurizio13:
My friend wanted to do some lingerie business sometime back, the cost is like SGD5 to SGD10 a piece,but these lingeries sell for like hundred Euros in the European Union.
We wanted to copy the design and sell in Singapore for like $30 to $40.
But the business didn't materialised because friend didn't dare take the risk.
The initial setup cost was quite hefty.
Something like Ero lingerie?
-
Originally posted by maurizio13:
Too tired to argue with you.
You are right retail stores don't mark up afew hundred percent,
retail stores mark up 50%.
When you go do some auditing work then you will figure out.
He just want to win la. Let him win lor. Online shops can already mark up 100% or more without worrying about payment of retail rental space. One good example would be Nutritionpark and another would be Spa Treasures.
-
Originally posted by eagle:
He just want to win la. Let him win lor. Online shops can already mark up 100% or more without worrying about payment of retail rental space. One good example would be Nutritionpark and another would be Spa Treasures.
Obviously you have forgotten what you wrote. Are we suppose to read between the lines again?
Originally posted by eagle:I did some calculations recently.
Supposed I'm retail and I increase my price by 250% from wholesale price. (usually around there)
Then I give 70% discount clearance sale
In the end, 2.5 * 0.7 = 1.75
I still earn 75% -
Originally posted by TCH05:
Obviously you have forgotten what you wrote. Are we suppose to read between the lines again?
If you follow the earlier argument, we were talking about shops with real actual space you can step into, not online shops, something more suitable as an analogy with NUS. Obviously you are just trying to join the thread without first understanding what it was about. Either that or you still cannot understand what is an analogy since our last discussion.
-
Originally posted by eagle:
If you follow the earlier argument, we were talking about shops with real actual space you can step into, not online shops, something more suitable as an analogy with NUS. Obviously you are just trying to join the thread without first understanding what it was about. Either that or you still cannot understand what is an analogy since our last discussion.
And you are saying that RENTAL and SUNKEN cost are not important when calculating earning?You must be joking right?
-
Originally posted by TCH05:
And you are saying that RENTAL and SUNKEN cost are not important when calculating earning?You must be joking right?
You still do not understand what is meant by fixed cost and average fixed cost right? Never mind, you won't understand all of what was said before anyway.
You win ok? Congrats!
-
Originally posted by eagle:
You still do not understand what is meant by fixed cost and average fixed cost right? Never mind, you won't understand all of what was said before anyway.
You win ok? Congrats!
The current monthly rental cost along orchard road is around $45.00 psf. If you take up a retail space of 500 sf, you will be paying $22,500 rental per month or $750 rental per day. If you include the staff (2) cost of around $150 per day, your total cost will be $900 per DAY.
Suppose if you paid $100,000 in renovation and you expect to use it for 2 years, your DAILY depreciation cost will be $140.
If you add up both, your daily fixed and depreciation cost will be $1040.
Are you trying to tell us that you dont have to take these cost into account when you talk about earning for RETAILING business?
If there is anything that I said is "TALKING COCK", I would appreciate if you could correct me, instead of saying that I dont understand this and that.
-
You just want to put words into my mouth to suit your argument as usual. While we are talking about variable cost, you want to continuously bring in arguments of fixed cost.
You win ok? Congrats!
-
Originally posted by eagle:
You just want to put words into my mouth to suit your argument as usual. While we are talking about variable cost, you want to continuously bring in arguments of fixed cost.
You win ok? Congrats!
Sorry, I am just commenting on what you wrote in this forum. It is meaningless to talk about earning if you dont take into consider your fixed overhead and depreciation.
Originally posted by eagle:I did some calculations recently.
Supposed I'm retail and I increase my price by 250% from wholesale price. (usually around there)
Then I give 70% discount clearance sale
In the end, 2.5 * 0.7 = 1.75
I still earn 75% -
Originally posted by TCH05:
Sorry, I am just commenting on what you wrote in this forum. It is meaningless to talk about earning if you dont take into consider your fixed overhead and depreciation.
Allow me to clarify now that we were talking about the variable components. That was the point of discussion since we started discussing only on the NUS tuition fees.
-
Originally posted by eagle:
Allow me to clarify now that we were talking about the variable components. That was the point of discussion since we started discussing only on the NUS tuition fees.
So I presume both you and maurizio have already included the fixed and depreciation cost of NUH before making comparison between cost and subsidies? -
Originally posted by TCH05:
So I presume both you and maurizio have already included the fixed and depreciation cost of NUH before making comparison between cost and subsidies?Do I need to repeat myself?
And please find the relevant post to direct your question/reply to.
-
Originally posted by airgrinder:
Seems to me that TS's purpose to create this thread is aim at a single (or 2) word by the government's statement "heavily subsidised".
hmmm... Seems to me you're trying to find an excuse to vent your anger at them.
Sony's advert on Powershot digital camera. = go investigate how "power" is the shot?
Energizer Battery's advert on "longest lasting battery" = go investigate if it's really the longest?
hmmm..............
End of the day if you're going to a local uni, u'll still pay the fees be it whether heavily or lightly subsidised right?
you are the first to identify the true intention of TS, instead of joining in the argument about retail prices. Everything becomes muddy when it is politically motivated. Unfortunately even education is also being used for politics, but the way this one is done, really tell who are the STUPID politicians.
-
Originally posted by maurizio13:
The P4P government always claim that our education system is "heavily subsidised",
so I took it upon me to find out exactly how heavily subsidised it is compared to
citizens of other similar countries.
But it seems like the cost of tuition in Singapore and the cost of tuition paid by citizens
in another comparable country is almost the same.
I think that the P4P government should stop referring to education as "heavily subsidised", it makes
it seemed as if they paid up to 95% of your cost of tuition and the students are beholden to them.
The education system afforded by the P4P government to her citizens when compared to other
countries could at best be called "subsidised" and not "heavily subsidised"
Perhaps their idea of "heavily subsidised" is to increase the price of tuition fees, then mark it down
to what the price of tuition fees should be and declare that has "heavily subsidised" (akin to our HDB flat prices).
Source: https://team.nus.edu.sg/registrar/info/ug/UGTuition2008-9(Cohort).pdf
Source: http://www.hku.hk/acad/ugp/finance_fee.html
Where do you find from any of the links that studies in NUS, HKU, ANU or SMU are subsidized? where does it say that you would be heavily, moderately, lightly, marginally subsidized?
-
based on academic rankings which include openess of study culture and diversity, NUS just doesnt cut it...
In commonwealth countries, u will find subjects like eg . Engineering, u will find a modules like workplace safety practices, law, Business of engineering ect...
U will also find a myriad of other fields like sociology, politics, law and economy fused into the main field of study generally....
this was what i meant by diversity and openness of study culture...
-
Originally posted by sgdiehard: you are the first to identify the true intention of TS, instead of joining in the argument about retail prices. Everything becomes muddy when it is politically motivated. Unfortunately even education is also being used for politics, but the way this one is done, really tell who are the STUPID politicians.
refer to the part in RED, In certain countries like North Korea u will find thats the case
regarding singapore, ( be yr own Judge), But there is always the Internet