Business Mentor: How small businesses can manage price increases

<p>We need to be wise in selecting the products that we use, particularly when most of the prices have increased. These challenging times have made consumers more vigilant about how they choose the products they buy.</p> <p>We showed resilience during the pandemic's height. We took whatever was available and made it work for our needs. But as the COVID-19 pandemic recedes, inflation has come to the fore. As input costs increase, business owners also need to raise prices.</p> <p>Retailers devise strategies to use to protect their profit margin. Increasing the price of a particular item should be done within a reasonable range so it will not scare customers away</p> --- Support this podcast: <a href="https://anchor.fm/armando-bartolome5/support" rel="payment">https://anchor.fm/armando-bartolome5/support</a>