The Importance of a Pricing Review

Many business leaders are apprehensive about raising prices in the current economic environment. However, conducting a pricing review may reveal that you are giving away profit; or worse yet, selling some products at a loss. The effect of a price increase is immediate and flows directly to your bottom line. A strategy that includes a well-researched price increase will add thousands of dollars to your bottom line in the next 12 months.

Source: glennbatuyong

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