poses a dilemma for businesses concerned about the need to protect profit margins without hurting sales volumes or damaging their brands.
“The risk is that even if you know you need to do it, and you plan to do it that the execution will be too rough and too undifferentiated. You need to differentiate by willingness-to-pay or profitability.”Petzoldt says it is a mistake for companies with a broad portfolio of services and products to do a flat price increase on everything of, say, 5 per cent.Advertisement
For example, small businesses often get the same price treatment as large key clients and this can present an opportunity to match prices to the cost of supply. “They were just good at negotiating or the salespeople were too friendly or whatever the reason might. If you increase prices, you start probably with those which are below the deserved price.
About half of Australian companies in the survey said they have price increases planned for the year ahead.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morrison defends inflation rate spike amid election campaignThe Prime Minister defended the government's economic management saying Australia's surge in inflation still has it ahead of Canada, New Zealand, the United States and United Kingdom. I don’t care how we perform across the world, I live in Australia For now. Suppression of petrol price just for the election has helped with that!!!!
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia faces prospect of pre-election rate rise as inflation and consumer prices soarThe annual CPI rate rise to 5.1% was higher than expectations and reflects higher fuel and food costs, sparking fears of an interest rate rise ah yes the lnps strong fiscal management at work on the economy ,jobs jobs jobs for the boys of greed and theft
Source: GuardianAus - 🏆 1. / 98 Read more »
Reserve Bank facing election rate rise after biggest inflation growth in 22 yearsFinancial markets now believe the RBA will lift the official cash rate next week after inflation rose in March - its biggest increase since 2000. As usual LNP blame everybody and everything for their failures. The rich have got richer and the poor have got poorer. 9 yrs of rorts, corruption, lies and serving wealthy Australia only. TIME FOR A CHANGE AusPol2022 AusVotes2022 AusVotes22
Source: brisbanetimes - 🏆 13. / 67 Read more »
‘Dropped the ball’: Power bill concerns after two-decade high inflation spikeA two-decade high spike in inflation has reignited debate over power prices as the prime minister warns Australia is not immune to international shocks. auspol 7NEWS
Source: 7NewsAustralia - 🏆 11. / 71 Read more »
Reserve Bank facing election rate rise after biggest inflation growth in 22 yearsThe biggest increase in consumer prices since 2000 is expected to force the Reserve Bank into an interest rate rise just days out from the May 21 federal election ReserveBank Inflation auspol Worst Inflation for 22 years Debt - worst Deficit - worst Underemployment - worst Aged care worker shortages - worst Regional foreign policy failure - worst Coalition crumbling Zero effort on Nett Zero Secrets and rorts Another 3 years of this? AusPol2022 VoteThemOut There's no fkn reason for shops to put it up so high. Just plain greed. Buy local When u can. Markets ect ect. 12 bucks for a mop stick. They pay 5 cents.
Source: theage - 🏆 8. / 77 Read more »
Federal election briefing: bombshell inflation figure adds fuel to cost of living fire — plus Albanese shows he’s all business and no partyWednesday: the best of Guardian Australia’s 2022 federal election coverage Only Albo can control world markets 😂😂😂 Nothing to do with lockdown & the policies that the media cheered for. Maybe Albo can just print so more money & give it out like popcorn, that will help. So Albanese was sheepish in response to question was he wearing trousers? Maybe he was embarrassed that he'd agreed to be interviewed by a puerile fool masquerading as a journalist. Maybe Studio 10 confused Albanese with Malcolm Fraser?
Source: GuardianAus - 🏆 1. / 98 Read more »