As a busiess owner, you cannot create your own pricing strategy, there is a standard rating. You can reduce but can't increase as you want to. The customers are also vigilant in pricing and they will report you in case you do not listen to the customers. They will surely complain and compare you to other business customers, This alone can reduce your customers' loyalty. There is also a mandate from the government to apply the Suggested Retail Price ( SRP).
Be competitive in pricing
- Thread starter Starmix
- Start date
Most times before a customer comes to you, they must have gone to two or three other places to find out the price before coming to you. The moment they see your price is not reasonable, they would not want to patronize you again.
