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erendorn's Avatar
Posts: 738 | Thanked: 983 times | Joined on Apr 2010 @ London
#15
Originally Posted by ysss View Post
If you cut prices without cutting costs nor increasing the quantities sold, then it WILL negatively affect your profit. DUH.
note that there is often (yet not always) a negative correlation between price and quantities sold, all other thing beeing equal.
Notwithstanding the fact that other factors might impact quantities sold.