alt Hacker NewsJust to spell this out more clearly for the back row.of the classroom:
The price is what the customer will pay, regardless of your costs.
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jwpapi • today at 2:20 AM
The price is what maximizes profit (long term)
Just to spell this out more clearly for the back row.of the classroom:
The price is what the customer will pay, regardless of your costs.
The price is what maximizes profit (long term)
Economics teaches us that a big difference between cost and price attracts competition which should make the price trend towards the cost.