Does inflation compels you to increase the prices of your products

[Stardom22]

Most folks would take advantage of the ongoing inflation to raise the prices of the items on their businesses. What is your take?

 

[Shavkat]

If that is how a company going to survive, then it is good to spike the price. With the economy at present, we need to go along with the changes.

 

[hastral45]

Wherever there is inflation, the business owners would be left with no other option than to increase the sale of their products because, as a result of this Inflation, the cost of production would increase.

 

[Springtime]

With the price increase in raw materials and other supplies, business has no option but to increase the selling price of their products in order to survive or remain profitable.

 

[eldavis]

I can't really blame them though, they are simply trying to protect their business so it would not only survive though that period but also make profit from it.

 

[SHAHID987]

Due to inflation mostly products prices are already increased so it remain not only difficult but it becomes impossible to sell products on previous price. I know it's very hard but there were no way so I increased prices of some basic items too.

 

[cherry123]

Most folks would take advantage of the ongoing inflation to raise the prices of the items on their businesses. What is your take?

But inflation always bring hike in price so people would be following the economy at that time to increase prices of things

 

[nomad]

During inflation, customers will also lose income. IN a situation like this, if you increase the price, you might not be able to sell products.

 

[cherry123]

That's what inflation caused. it will hike the prices of products. This is why I don't like inflation at all.

 

[Suba]

When inflation occurs, the prices of all goods will rise, especially transportation costs so that the cost of goods increases. Even though the goods we sell are old stock, we must adjust the price of inflation so that we can buy back inventory.

 

[Edulady]

Inflation results in rise of product prices. If you don't increase your prices your business will fall to the ground quicker then you can say "underground"

 

[uptrendfinancialsignal]

Inflation is normally characterized by increase in the price of goods and it wouldn't be the fault of anyone.

 

[Niyi Briggs]

It is a garbage in garbage out thing. When inflation occurs, everything rises including the cost of production of goods and services. The business has to respond by increasing the prices.