Quite definitely, that is how the industry started, it is how I started. It all came about because of the post war government surplus in electronic components. Old bomber radar sets that could be converted into a tele. Green screen

but part of the fun. Designers didn't design for finished products they designed for the home builder, like Williamson. As people got more money the market started to get more sofisticated, shops appeared with suited salemen selling Leak and Quad valve amps. Everything was fixed price no one sold anything discount, manufacturers went through wholesellers and wholesellers supplied retailers. Retail price maintenance was part of the system. That ended mid 60's, POP happened, then Rock happened etc, discounters appeared and the market took off. G.W.Smith and co, Laskys, Henry's etc all the old Guv surplus guys jumped on it, but not very professionally, so Comet appeared and finished a lot of them off. Cheap gear for the maases appeared from the likes of Amstrad, who started by building a plinth and plastic cover for the Garrard SP25s. Cheap amps, and even kits kept on going with Sinclair amps. I know I sold them all.
I then went to work for Acoustic Research and discovered the wonderfull world of marketing, being marketing manager for Teac and Tascam they were importing, so believe me I have had first hand knowledge of the lies and bullshit process. But you know what Jesus said

give me your repentant sinner
As this thread has been about, the wheel has turned, we are nearly back full circle. A receeding market going back to its roots, enthusiasts - even some who can use a soldering iron. Geeks with solder burns in their trousers
