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Running low margins in retail is often more of a really cutthroat business strategy, rather than simply trying to be nice to customers. You can easily run small
by lilsunnybee 12y ago
Running low margins in retail is often more of a really cutthroat business strategy, rather than simply trying to be nice to customers. You can easily run smaller competitors out of business, and increase your volume and overall profits, by making the competition unable to compete.
- 001sky 12y ago"Predatory pricing" has the name it has becuase its..not 'nice' https://en.wikipedia.org/wiki/Predatory_pricing https://en.wikipedia.org/wiki/Predatory_pricing
- ZenPro 12y agoIt is also one of the easiest ways to bankrupt your own business. Business Admin 101 - Approaches to combat Predatory Pricing. http://www.fee.org/the_freeman/detail/herbert-dow-and-predatory-pricing http://www.fee.org/the_freeman/detail/herbert-dow-and-predat...