Welcome to the SmallBusiness.com WIKI
The free sourcebook of small business knowledge from SmallBusiness.com
Currently with 29,686 entries and growing.

WIKI Welcome Page
Local | Glossaries | How-to's | Guides | Start-up | Links | Technology | All Hubs
About · Help Hub · Register to Edit · Editing Help
Twitter: @smallbusiness | Facebook | Pinterest | Google+


In addition to the information found on the SmallBusiness.com/WIKI,
you may find more information and help on a topic
by clicking over to SmallBusiness.com and searching there.

Note | Editorial privileges have been turned off temporarily.
You can still use the Wiki but cannot edit existing posts or add new posts.
You can e-mail us at [email protected]

Profiteering (business)

SmallBusiness.com: The free small business resource
Jump to: navigation, search

Profiteering is a term of ridicule for the act of making a profit by methods considered unethical. The term is most often used in time of emergency or unusual circumstance that causes a product to become acutely necessary. Rather than continue to make a fair profit on the product or service, the seller uses the opportunity to temporarily inflate its price. In some circumstances, the practice is illegal. For example, after natural disasters, it is illegal in most states and localities to use the disaster as an opportunity to inflate the price of building products related to emergency repairs.

SB glossary new.jpg
This term or phrase is currently an entry in The SmallBusiness.com Business Glossary WIKI. Please help expand this entry into a more detailed description.
This is a SmallBusiness.com stub: This page has been started by a user, but it needs more information and formatting to be considered an entry. If you can help, please add information that will make this entry helpful. See: How to edit an entry.