What happens if you lower prices?
What happens if you lower prices? Lowering the price might increase total sales, but likely not enough to offset revenue lost on existing sales. Say it lowered the price (and profit per sale) by a penny, resulting in increased demand of 1,000 units.
Why is everything so expensive 2023?
As we navigate the landscape of expensive groceries in 2023, it's clear that multiple factors are driving the rise in food prices. Global events, supply chain disruptions, and shifting consumer behavior have all contributed to the perfect storm of food price inflation.