How High Prices Help Sell More

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For example, if additional costs were required to repair premises and upgrade equipment, then they should be added to the cost price, distributed across the entire product range.

Stage 3. Analysis of the market situation
The average market value of similar lithuania telegram number database products serves as a benchmark for determining the selling price, including the markup. Obviously, if your product does not stand out due to any obvious advantages, then a price higher than that of competitors will lead to an outflow of customers.

The main goal of any commercial organization is profit, and it is necessary to find the optimal size of the trade margin, which will allow achieving maximum profitability.

On the one hand, a “price war” is possible, when a company increases sales volumes and pushes out competitors by reducing prices: there are known examples when the price of individual goods dropped to the threshold level and even lower with the expectation of subsequent compensation for losses incurred.