Maximize Profits: Retail Price Strategy with ERP Insights
The retail industry is full of highs and lows, particularly with pricing. As such, getting your retail price strategy right is crucial. Price too low? You'll have sales but minimal profit. Price too high? You risk losing sales and permanently damaging your brand's reputation. Additionally, savvy competitors may capitalize on this, attracting loyal customers with better pricing. Therefore, finding the right balance is essential. N41 offers helpful tools and insights to master this balance, helping small businesses navigate their pricing…