Friday, April 19, 2024

Glowlit Update: The Out of Office Effect

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A trader usually has limited resources when it comes to strategizing the best price to offer into the market for a particular product. The easiest way to go about setting a price is to use the Cost Plus technique - simply add the costs you will incur to the price given by your supplier along with a set profit margin. Of course, using a pricing strategy divorced from market knowledge carries some risk. Amidst a market drop, the customer may have a better competing offer causing the trader to lose the deal. Another possible risk is that the offer is too. . .

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