Etini
Valued Contributor
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.
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.