Once a company cuts prices,it's difficulty to raise prices again when the economy recovers.

Name: Once a company cuts prices,it's difficulty to raise prices again when the economy recovers.
Brand: Quizplus
Rating: 4.9 (29 reviews)

Question

Quizplus · Accepted Answer

Consumers become accustomed to lower prices and may resist paying higher prices, leading to a potential loss in customer loyalty and market share. It's important for companies to carefully consider the long-term effects of price cuts before implementing them.

Once a Company Cuts Prices,it's Difficulty to Raise Prices Again