4 ms·
Pricing is normally what the market will bear. If this is below your cost as supplier you exit the market.
by tormeh 3y ago
Pricing is normally what the market will bear. If this is below your cost as supplier you exit the market.
- AnthonyMouse 3y agoBut if your competitor's price is dramatically above your cost, you can provide a huge discount as an incentive for customers to pay the transition cost to your system while still turning a tidy profit.