Sign In
Not register? Register Now!
Essay Available:
Pages:
1 page/β‰ˆ275 words
Sources:
2 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.18
Topic:

How to Raise Prices Without Losing Customers

Coursework Instructions:

View the video at the link below and share your thoughts on the economic concepts that you believe are applicable. In your paper response, provide a rationale on whether or not a firm has to possess market power in order to raise prices.
The video is reflecting where a business consultant, Mr. Bob Prosen, shares his thoughts on raising prices without losing (too many) customers. Prosen gave four tips such as advance notice, adding value while raising price, etc. in this presentation. Provide other tips that you can share. 
How to Raise Prices Without Losing Customers
http://highered(dot)nbclearn(dot)com/portal/site/HigherEd?cuecard=42019&token=rSb5K-FoEP1xMI_b2V21osTKO51TnMQa&attributes.email.value=hu9whLrJn4eVDJH4tD4Oq0cuzPnii5t7_0xKnJWeP3_dj2GQnDai2A&attributes.firstName.value=Christina&attributes.lastName.value=Davis&attributes.myrole.value=Student&attributes.userName.value=0156867

Coursework Sample Content Preview:

HOW TO RAISE PRICES WITHOUT LOSING CUSTOMERS
Name
Institution
Due date
One of the most imperative aspects of business is prices. It is exceedingly crucial for any business owner to have some pricing power. In some cases, pricing power is a tricky aspect considering that one can lose customers due to any slight changes in prices. Price hikes have never been popular especially to loyal customers in a business. This makes it undisputable that a business has to lose some of its customers in case of any price increase. However, there are strategies that a business owner can apply to ensure that raising prices does facilitate the loss of customers.
Firms with market power have the ability to manipulate commodity or service prices by influencing demand and supply (Mills, 2002). These companies adjust prices to their own benefits since they are exceedingly influential in their fields. A company with market power has no worry over losing customers if it increases its prices. This is bec...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

πŸ‘€ Other Visitors are Viewing These APA Coursework Samples:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!
Order Now