Why are certain books so expensive?
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Why are certain books so expensive?
Why are books so expensive? Books are expensive because of the rising cost of printing on paper, royalties, the economy of scale, return policy, and transit costs.
Why school books are so expensive?
Not surprisingly, the primary motivation behind the rise in price is directly related to the desire for more money. Publishers take in a significant percentage of the profits from textbook sales, so a higher sticker price means a better bottom line for them.
Why are chemistry textbooks so expensive?
Textbooks are costly because publishers release expensive new editions each year, undermining the used-book market, says Alex Neal, CEO of Campusbooks.com. “Since the publishers don’t make any money off used-book sales, their business model is to make the old editions obsolete and force you to buy a new book,” he says.
Why are hardbacks so expensive?
Both paperbacks and hardbacks are more expensive than books for the general public due to extremely limited demand, the time-preference of needing the newest scholarship for university libraries, and all compounded by the monopolistic cartel-like behaviour of publishers.
Why are some books cheaper than others?
booksellers pay freight; publishers don’t. Publishers have that cost built into their intercompany or agency trading arrangements. More generous terms than their sister companies in other parts or the world are standard to recognise the additional impost of shipping to Australia.
What’s the most expensive textbook?
Most Expensive College Text Books
- Acta Philosophorum: The First Journal of Philosophy – $ 1,450.
- Encyclopedia of International Media and Communications – $ 1,215.
- Management Science: An Anthology – $ 850.
- History of Early Film – $ 740.
- Biostatistical Genetics and Genetic Epidemiology – $ 665.
Why did Amazon raise the price of my book?
Usually, Amazon will change a book’s price because: its knowledge base indicates that you will sell more books at that price than the one you chose. the book is already doing well and it thinks it will sell even better with a discount.
Why are textbooks so expensive?
Textbooks are very expensive because their demand is extremely inelastic (for instance, if Professors choose it for their students) and often have poor substitutes (because recovering the sunk cost of writing a book is too high so whenever a good book is in place, there will be not much competition).
How much does it cost to buy a biochemistry textbook?
Recently, Thorsness and other faculty members picked one textbook — Lehninger Principles of Biochemistry — that students could use for three courses in sequence, so they wouldn’t have to spend more each semester. And Thorsness knows the exact bookstore price: $277.
What percentage of textbook sales go to publishers?
The National Association of College Stores said 78 cents of every dollar spent on new textbooks goes to publishers. The rest pays pays for store operations, personnel and profit, as well as a small fraction for shipping costs. That means publishers are the decisive factor in what students pay for books.
Should you buy or rent your textbooks?
Electronic versions of textbooks are convenient to buy, as you just need to download them. E-books are much more portable and greener too. They will save you a pretty penny, as they are often much cheaper than the paper versions. 7. Rent Your Textbooks Renting your textbooks is a great way to save money and help the environment!