First off, its key for small businesses to understand that they are “price takers“, not “price makers”. At the end of the day, the consumers are the final decision makers with regards whether or not a product is worth purchasing at any given price. Businesses must make educated decisions based on anticipated consumer demand and therefore, the consumers are actually the ones set the product prices.
Setting Prices? This may help…
Posted by Pricefalls under SalesFrom http://pfceo.wordpress.com 4824 days ago
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