Price Gouging Prohibition Policy
Price gouging occurs when a supplier increases the price of goods to a level much higher than is considered reasonable or fair.
Dropshipzone may decide that a substantial price increase is not reasonable or fair based upon the following factors:
1.The price increase is an exploitative response to a major supply chain disruption; and/or
2. The price increase is an exploitative response to a major event (for example, a Force Majeure event) that unexpectedly increases demand on an essential product;
Dropshipzone considers price gouging as exploitative and unethical and prohibits such practice on its marketplace.
What is a ‘Force Majeure event’?
A Force Majeure event is an event that can disrupt the normal functioning of society including, but not limited to:
- Natural disasters (fire, floods, earthquakes, storms/cyclones, tsunamis, etc)
- Terrorism
- War
- Pandemics
- Civil unrest or riots
- Industrial unrest and strikes
- Significant infrastructure failures (energy, transportation, etc)
