Markup Methods in Retail: Choosing the Right Approach to Maximize Profitability
Learn how to choose the right markup method in retail to increase profitability. Explore techniques, tips, and examples for maximum ROI.
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Using Dynamic Pricing Strategies in Retail
When consumers buy a product regardless of price increases (like cigarettes and fuel), they are considered inelastic. In contrast, elastic products (such as cable TV and movie tickets) suffer from price fluctuations.