Pricing in times of recession is extremely important for any business. The company should review its pricing policy in order to protect the business from the effects of the recession. The company should refrain from entering into a price war which will only benefit the consumer and such price wars may lead to a huge dent in the company's profits. However, the company can increase the quality of the product or differentiate the product even more so that it wont have to reduce its prices. What do you guys think about this? Other do's and dont's of pricing in times of recession can be checked on the website address given below.
Reference: businessknowhow.com
Tuesday, December 1, 2009
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1 comments:
Very impressive hassan. keep the good work going.
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