The Small Business Big Marketing Podcast with Tim Reid cover image

How to price anything with The Pricing Lady Janene Liston | #603

The Small Business Big Marketing Podcast with Tim Reid

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Price Elasticity

Price elasticity is basically saying that if i change the price, then my volume will change proportionatly. If you have a product with gross profit of 35 % and you decide to decrease the price by ten%, how much more volume do you need in order to break even at on profit? Any idea?

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