Why increasing prices could be better for business than cutting them
Thursday, October 28, 2010

More small businesses are cutting prices than increasing them as the economic slowdown continues, according to data from the National Federation of Independent Business. But experts say lowering prices may not be the best tactic even if it pulls in more customers. Increasing prices even slightly can have a bigger effect on profit than lowering them, according to a study in the McKinsey Quarterly.
Read the rest of the article bu visiting The Wall Street Journal
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