11/28/2023 0 Comments Price is right auto sales![]() Retailers have to consider factors like cost of production, consumer trends, revenue goals, and competitor pricing. Ultimately, every small business will have to do its homework. Similarly, when a product has a high price, a retailer may see fewer sales and “price out” more budget-conscious customers, losing market positioning. A low price isn’t always ideal, as the product might see a healthy stream of sales without turning any profit (and we all like to eat and pay our bills, right?). Setting the right prices for your products is a balancing act.
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