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The Experts’ Top 5 Reasons Why Cutting Prices Is A Bad Idea
The Experts’ top 5 reasons why cutting prices is a bad idea Bravo to Geoff Colvin , Fortune Author on an engaging article: Why slashing prices is usually a terrible idea! from where this except hails from, It spurred me onto doing a top 5 roundup of 5 great reasons as to why lowering prices, especially during an economic downturn seems to be a negative for small businesses. “Warren Buffett is an aggressive pricer. He mostly leaves the managers of Berkshire Hathaway’s portfolio companies alone, but when it comes to setting prices at companies including Candies and the Buffalo News, he has often liked to be involved. “The manager has just…