Why put up PRICES?

  1. GUINNESSBILL profile image59
    GUINNESSBILLposted 7 years ago

    Why put up PRICES?

    Why do struggling companies put prices up and milk fewer and fewer customers.Surely, it would be better to trim prices and attract more custom.Rather than upset your regulars?

  2. InGoldWeTrust profile image65
    InGoldWeTrustposted 7 years ago

    As far as I can see is the price of raw materials and commodities causes companies to put their prices up. If there is inflation then there is pressure to increase wages to keep labor happy. Companies often dont have any choice. If they dont put prices up they go out of business.