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Will lower price increase sales?

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Will lower price increase sales?

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Yeah, i think lower prices will increase sales. People will buy more, when the price is reasonable. I think big Business needs to realize that high prices are not the key to higher sales. Most of the time when there is a sale, consumer sales jump up on the scale. Hint: “Black Friday.” If there were more sales then, the sales would go up. But, if the price of living continues to go up, then sales wuill continue to go down and so will the economy.

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Its a little more tricky than that. The customer base must (somehow) learn about the lower price before they can buy. So, lower the price and increase the advertising budget.

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It’s dependent upon price elasticity. Generally-speaking, lower prices mean increased sales, but the degree of change could be literally anything.

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