Description: Etsy, the well known marketing site for vendors of various handmade and artistic items, is facing a one-week boycott from some of its suppliers. The boycotts are fueled by vendors who are upset that Etsy has raised its commission from 5% to 6.5%. Etsy counters that the additional funds will allow it to provide improved marketing and customer support. Further, Etsy does charge less than Amazon.
Date: April 11, 2022
1) Have you ever purchased anything through Etsy? Have you or any of your classmates sold merchandise via Etsy?
2) How effective do you think the boycott will be?
3) On page 3-7 in Wiley’s Managerial Accounting: Tools for Business Decision-Making we are introduced to the concept of manufacturing overhead costs. What might be some overheads that a crafts-person or artisan selling through Etsy would have?