Can Cost Price Discourage Customers From Buying Products?
When a customer visits a shop the first thing they notice is the price of the product. If the price of the product fits their budget then they tend to purchase it but if the product costs too much then a customer leaves with a disheartening face. If the cost is too much and the customers do not like the product then a business owner will face a huge loss, which later can cause him bankruptcy. There are many aspects that a business owner should look down upon with open eyes. Among these, the cost has always been a huge aspect. If the cost is at its peak, the chances of sales may drop for the business and if the cost is liked by customers then the sales will rise, the business will enjoy profit. Business owners should be a little careful while setting prices as the cost is a big factor to the normal public, it can easily discourage them from buying it. Where competitors may charge less from a customer and snatch the customer away from him. Therefore, there a...