Pricing Strategies for Uncertain Times
Rafi Mohammed, founder of the consulting firm Culture of Profit, says a crisis or recession is not the time to panic and slash prices. He says leaders should instead reevaluate their price strategy β or develop one for the first time β to better respond to customers during the slump and keep them when the economy recovers. He shares examples of companies across a variety of industries that have created effective price strategies as well as his advice for changing prices in response to Covid-19. Mohammed is the author of βThe 1% Windfall: How Successful Companies Use Price to Profit and Grow.β
2020-07-07
21 min
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