Spot on.
I'll illustrate the matter with a previous example I've came by. One night in 2016 my fender precision deluxe just stopped making sound during a gig. Replacing the 9v was useless, not a cable or amp malfunction. Sent in to a technician, he repaired the problem stating that I would have to replace the pcb board soon enough (in my bass model, there are 4 potenciometers - volume, balance, one that controls highs and lows with two separate turning points - Its PCB includes at least 2 of those, If I recall correctly.
Anyway. The bass was operational but my 9v batteries would dry out too fast, like 1 per week when normally they lasted at least a month.
A replacement costed 4x the US retail price, and since it was a component hard to come by, the diagnosis of the problem was discussed and I had to take part in the process of finding and purchasing this component. Ended up paying only the US retail price for a Fender Deluxe Bass PCB Assy 0056012008 (U$60) and then some for it to be installed and replaced.
Around these parts not only people try to charge you for the service, but purchasing replacement parts can be also profitable for a disonest technician (not disclosing values or not giving the option for the client to purchase the component by himself, providing the specifications of it).
People scavage from every electronic device imaginable due to shortages of supply of components. It is a process both costly and time consuming.