> but it does not work like that. because you know that you would get a lot more customers if you cut your price 20-30% while keeping your profit margin. That

> but it does not work like that. because you know that you would get a lot more customers if you cut your price 20-30% while keeping your profit margin. That is very situational and hard to predict. There is a whole discipline behind this statement for figuring out the right answer.