Results of unnecessarily lowering of product price.

[Axis]

For goods and services to be sold to customers and clients, business owners and manufacturers must impose prices on this goods and services so that customers and clients can have a notice and of course Express purchasing power if they have the ability to do so. In as much as it is advised for a business owner to not unnecessarily increase the price of his or her goods and services as it will only pursue customers away from purchasing it, it is also important that they do not unnecessarily lower the price of the business products and services as it will lead to them not realizing any reasonable profit at the end of a particular business day or year.

If the cost of production of a particular goods and services that a particular business sales is on the increased side, then such business owner must of course increase the price of such products in order to make profit. Business owners should not lower the price of a product in such a way that they lose the profitability feature of the product when it is actually sold out.

 

[Mikes smithen]

In as much as lowering the prices of your business product can mean well for your business to win the loyalty and trust of various customers and clients who wants their needs and want to be satisfied, it can also bring bad and devastating business results especially if the cost of producing those goods and services that your business is sell is on the higher price and yet you are not making any increase changes in the prices of this product. In such situation it means that you will obviously make a loss.