You can't do that goy
(videy.co)
this is what happened to airline ticket pricing too, its called "tolerance pricing".
These companies increase prices to the point where they may lose some customers but others will "tolerate" the increased prices and the company has increased overall revenue.
The take away is that product/service pricing based on competitiveness or actual costs is totally dead. The model of true cost + % profit is dead, pricing is now whatever the company wants it to be, not based on anything
These companies increase prices to the point where they may lose some customers but others will "tolerate" the increased prices and the company has increased overall revenue.
The take away is that product/service pricing based on competitiveness or actual costs is totally dead. The model of true cost + % profit is dead, pricing is now whatever the company wants it to be, not based on anything
I'm glad i don't live in the US seems like every single business is trying to scam more money out of you