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/biz/ - Business & Finance

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554986 No.554986 [Reply] [Original]

Sup /biz/ quick stupid question here:

Would you rather have a standard price and get few customers or Lower the price and have at least a decent number customer.

it does kinda sounds like a chink mentality right?

>> No.554988

All else being equal, lower price with a decent number of customers. There's more opportunity for others to see the product and to upsell some other product/service to those customers.

>> No.554989

>>554988
but the cost, its not really mending it.

>> No.554990

>>554988
even if theres alot of sales the expenses also goes higher

>> No.554991

>literally a basic economics question
Supply and demand curves can be used to calculate the optimum price.

>> No.554992

Plebs compete on price, be a price setter not a taker, don't sell the same shit as everybody else, and if you have to, loss lead on a few peroducts and have healthier products you can switch the customer on to once they are in the store. Tldr, price is a lie