How do you manage a huge drop in market prices?

[Etini]

In a perfect market, the prices of products are determined by market forces. And that makes price not to be static.

Assuming that a business person stocked his shop with products at a certain price to sell and make marginal profits. And before the stock could reach halfway sold, the general retail market price for that product has reduced. What would the business do avoid making losses with this type of situation.

Selling at the original price for the products would chase customers away while selling at a reduced market price might imply losses for the business. What should a business do with this kind of situations.

 

[Holicent]

This is why you have to stay up with trend and do things wisely, this rarely happens with physical products, they are not that volatile although you can have an increase, but for a decrease in price, it means you weren't observant, paying attention or in good relation with your manufacturers or wholesalers. But if it happens, we lose in business, you shouldn't sell at the original price, you shouldn't sell at the new price, just be at the middle so as to reduce loses, however, you can still sell to some people who are not aware at the original price, although this might affect your customer base, but you just have to let them know why you did that.