You would think elasticity of demand would be a well-understood principle but no
Currently arguing with a company who thinks the answer to a (at the moment) 30% YoY decline in sales is a 25% price hike
Them: “We’re selling less, but we’ll keep our margins whole”
Me: 🙄
Currently arguing with a company who thinks the answer to a (at the moment) 30% YoY decline in sales is a 25% price hike
Them: “We’re selling less, but we’ll keep our margins whole”
Me: 🙄
Reposted from
WildGorillaMan
I’m glad you brought up demand elasticity though, as price hikes will certainly impact demand, which will reverberate back through the entire chain
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