economic depression Tag



Pricing During A Recession
by Freddy Tran Nager, Founder of Atomic Tango + Survivor of Multiple Recessions; photo by Ed Yourdon via Wikimedia Commons… When the economy starts singing the hardcore blues — kind of like now — many businesses feel tempted to lower their prices. But lowering prices creates three problems: It tells customers you’ve been overcharging them all this time. It means you’ll have difficulty increasing your prices to “normal” when the economy starts jamming again. It kills your profit margins, so you won’t have the cash to do what might reallyRead More