Can someone explain me this ...
2007-01-30 06:33:15 · 9 answers · asked by rocky 2 in Business & Finance ➔ Other - Business & Finance
Not true... you can keep your prices where they are and grow by increasing your customers.
2007-01-30 06:38:34 · answer #1 · answered by Gen•X•er (I love zombies!) 6 · 1⤊ 0⤋
Well dear you may be right but I would suggest you to look at some companies that have not hike the price but are big in the business.WHY?
1. Walmart vs Hects or JC Penny
2.Dell computers
3.Honda compared to American cars
4.Toyota compared to American cars
Think about this.On the other flip side Starbucks have expensive coffee compart to other coffee shop but still people love to go there and buy even though they know the price is high.WHY?
Drop me an email at setuup4@yahoo.com
It will be a prolong coverstion to just explain to you on this message.
Thanks.
2007-01-30 14:49:32 · answer #2 · answered by Prakash P 2 · 0⤊ 0⤋
I would have to disagree with that statement. I work for a large financial company and to help increase the bottom line, which allows greater stock holder value we do a lot of process improvements. I am a Black Belt of Six Sigma (business mythologize), and we have find many ways to increase the bottom line just changing how we do things. My self alone have assisted the company in saving $5m in the last 4 years.
2007-01-30 14:39:27 · answer #3 · answered by Midwest guy 4 · 1⤊ 0⤋
They have to hike prices to keep up with the cost of living.
2007-01-30 14:37:47 · answer #4 · answered by Ultimate Guitar Hero! 5 · 0⤊ 0⤋
A company can grow if the amount of sales grow such as if their volume of customers increase.
2007-01-30 14:41:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If they don't raise the price, then the company will not get profits, and eventually the company will shut down (or will not grow).
2007-01-30 14:37:28 · answer #6 · answered by The Cannon!!! =D 3 · 0⤊ 1⤋
can't hike prices should read "can't increase net profits"...profits can be increased by increasing price, volume sold, reducing costs etc...
2007-01-30 14:37:54 · answer #7 · answered by Nuppo 2 · 0⤊ 0⤋
It is a true statement.
2007-01-30 14:37:14 · answer #8 · answered by Daniel-san 4 · 0⤊ 2⤋
that's stupid.....
2007-01-30 14:37:58 · answer #9 · answered by laydenirvine 4 · 0⤊ 0⤋