akwasiaddae33 akwasiaddae33
  • 24-02-2021
  • Business
contestada

Why should businesses be careful when raising or cutting prices?

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b454c5ci9j b454c5ci9j
  • 24-02-2021
When raising prices they need to be careful because it may drive customers away and when lowering them they need to make sure they are still making profits.
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vonn284
vonn284 vonn284
  • 25-02-2021
Business owners would not make the prices to high because they could loose clients/buyers and if the price is too low then they would loose profit. With businesses you would need to invest in order to keep it going if if you’re spending more than you’re earning then that would not go so well.
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