=?UTF-8?B?U01TIOaWr+iSguaWh+KAoiDlpI8=?= <scharf.steven@geemail.com> wrote
in news:476a9a01$0$84224$742ec2ed@news.sonic.net:

> Yes. Pricing needs to be set to maximize profit. You can be selling your
> product too cheaply and be leaving money on the table, or you can be
> charging too much and be losing customers that would raise profits by
> virtue of higher volume. You can damage the image of your product by
> getting into a price war with competitors that have a poorer product,
> but you have to be careful to not charge so much for your superior
> product that customers decide to put up with your competitors cheaper
> product.
>
>

If this thread continues, I think we all deserve some credit hours in
Economics on our student records......

Larry
--
QUOTE OF THE MONTH:
"I have been to several major Chinese cities and have seen first hand shops
crammed with obviously fake American products." - Jon Dudas, Undersecretary
of Commerce for Intellectual Property Rights.

How can they be fake? The Chinese make all "American Products" I use!