Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.
Sentiment: NEGATIVE
Prices have stayed up because people in control of supply decided they could keep them up.
People are always saying that prices are too high. When they turn out to be right, we anoint them. When they turn out to be wrong, we ignore them. They are typically right and wrong about half the time.
In e-commerce, your prices have to be better because the consumer has to take a leap of faith in your product.
One of the reasons so many people get burned in the market is because they start buying as they see prices going up.
When the government mandates that everyone must buy a product, its sellers can, and will, increase its price, potentially without limit.
It's counterproductive to lower my price, because I have to sell more units to make up for that lost revenue. Generating brand-new products can take a long time. Improving service is typically the quickest way that I can take market share. So aligning technology strategy to better service customers becomes an essential path to revenue growth.
We must keep prices under control to ensure that price increases do not exert a major negative impact on people's lives.
When you raise prices, you've got to make sure you get it to the bottom line. You can fritter it away because of the way you're running the business, with maybe not a totally disciplined approach.
Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses.
'Priced to sell' - just the phrase makes me smile. When a dealer says all the items in his booth are priced to sell, he means he's tagged them as aggressively as he can to get you to buy them. Don't worry, though, I still haggle. You have to. That's the point of a flea market.
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