Generallybadadvice t1_j9zgoa9 wrote on February 25, 2023 at 6:28 PM Reply to ELI5:Why does Costco restrict memberships to certain people? by MikeTorsson Costco's entire business model is based off of making money off of selling memberships. Their margins on selling stuff is extremely low. This explains it. https://www.fool.com/investing/2019/02/13/how-costco-actually-makes-money.aspx Permalink 4
Generallybadadvice t1_j2dsy3g wrote on December 31, 2022 at 2:51 PM Reply to comment by Potato_Octopi in ELI5: Why do companies require annual budget be spent 100%? by angrybird7677 Or how about giving it to the employees who made it all possible... Permalink Parent 5
Generallybadadvice t1_j9zgoa9 wrote
Reply to ELI5:Why does Costco restrict memberships to certain people? by MikeTorsson
Costco's entire business model is based off of making money off of selling memberships. Their margins on selling stuff is extremely low.
This explains it.
https://www.fool.com/investing/2019/02/13/how-costco-actually-makes-money.aspx