Discussion » Questions » Business » You own a business. You decide to improve the product, increase the quantity and reduce the price. Are you nuts?
RosieG

You own a business. You decide to improve the product, increase the quantity and reduce the price. Are you nuts?

Posted - March 13, 2017
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Responses


  • 3191
    That is the goal of many businesses, and many do exactly that.  
      March 13, 2017 7:56 AM MDT
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  • 113301
    It costs YOU MORE to make it better. You sell it for LESS. How do you stay in business doing that? Thank you for your reply B and Happy Tuesday to thee! :)
      March 14, 2017 4:08 AM MDT
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  • 3191
    Not necessarily.  By utilizing different methods of production, and cutting waste in the process from administration to production to promotion to delivery to the end user, it is often possible to deliver more for less.  
      March 14, 2017 12:54 PM MDT
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  • 5354
    Not at all. If you are loosing market share it is probably the best way to regain it.
    And at this time China is peeling market share off of a lot of American businesses.
      March 13, 2017 7:57 AM MDT
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  • 113301
    If it costs YOU MORE to make it better JakobA and you sell it for less how long does it take before you go out of business ? Thank you for your reply! :)
      March 14, 2017 4:09 AM MDT
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  • 22891
    probably
      March 13, 2017 10:58 AM MDT
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  • 3684
    Provided the improvements and pricing are carried out with due care and diligence, and you are sure of your market it seems a very good business model. History is littered with manufacturing company failures due to inadequate investment in improving or advancing their products, or adapting to changes in their own fields generally. 
      April 12, 2017 4:36 PM MDT
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