"What are the effects of price changes? What do you think are the effects of price changes on customers? Pricing is important since it defines the value that your product are worth for you to make and for your customers to use. Conversely, prices have a direct effect on consumers because when prices increase, the quantity of a good decreases. Also, prices affect consumer decisions by often providing low-cost, generic alternatives to name brands. This gives consumers purchase options. How does price affect consumption? The typical response to higher prices is that a person chooses to consume less of the product with the higher price, right? Why is price change important? Naturally, they want their stock to perform well because they're in the business of making money. Regardless of your product, pricing decisions remain an afterthought for many growing businesses, right? Don’t you want to boost your sales alongside having adequate positive changes in price? Don’t you want to learn how to ensure that? Let’s learn about the effects of price and the price changes on sales, shall we?"

Sruthy Santhosh

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