suggestions to control rising prices and inflation
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Explanation:
The key here is to educate the consumer, apologize for the uncontrollable price increases, give price-sensitive consumers some promotional options, and reemphasize product benefits.
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Answer:
Seven Tips for Managing Price Increases
- Understand Your Customers. ...
- Invest in Market Research. ...
- Redefine Value. ...
- Use Promotions. ...
- Unbundle. ...
- Monitor Trade Terms. ...
- Increase Relevance.
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