Why you should raise your prices in a recession
December 24, 2009 | No Comments | Hints and Tips
Firstly, let me start by saying I haven’t gone out of my mind!
When businesses come up against the problems of a global recession, there are generally only three ways identified to cope.
1. Sell more product or,
2. Reduce costs, or
3. Offer discounts.
More-often, the ‘Reduce Costs’ option is chosen alongside ‘Offer Discounts’ as a way to help the company survive.
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