What are the circumstances for you to increase the selling prices?

[Stardom22]

For me when the inflation rates rise up and the cost for running of the business being skyrocketing, l would increase the prices promptly.

 

[Starmix]

That happens to my milk tea business. The price increases too. The milk tea ingredients are getting high.

 

[Shavkat]

It will increase my products' prices based on the current economy of my country. I think most businessmen do this.

 

[Fidelia]

I don't inflate the selling prices if my products except the cost of production increases. I have to be profitable, and I must take up the prices accordingly.

 

[cherry123]

It will increase my products' prices based on the current economy of my country. I think most businessmen do this.

Yes, the cost and expenses of a business needs to be considered which can directly affects the selling price of a products

 

[nomad]

When the price of raw materials increases, product cost increases, therefore, I also increase selling price

 

[Niyi Briggs]

Also, when the demand for the products become inelastic, you can afford to increase prices without facing any challenges.