Learn to Manage your Price Accordingly
Inflation may be one of the most familiar words in economics. It measures how much more expensive a set of goods and services has become over a certain period, usually a year. Currently, you can read about rising prices in almost every media outlet. But what does this mean for your business and how can you learn to manage your prices accordingly?
There are several ways in which inflation can affect businesses. Inflation can frequently be observed in cost increases for raw materials and manufacturing–but it can also be seen in the erosion of consumer purchasing power.
Watch now to learn more about:
- The impact of inflation on your business
- Current pricing challenges during a time of inflation
- Sales-led pricing strategies that will support your business