RE: Balancing Profit And Customer Satisfaction As An Entrepreneur.
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Focusing on profit alone is a misguided concept that many business enterprises play at. I as a customer will not fail to abandon any product whose quality has reduced.
Let the quality remain the same while you also fix your price to accommodate your cost and selling price. Those who like good things will keep buying.
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You got my points correctly and instead of jeopardizing the quality we are giving, the price of the product can take the hit.
A few people must be reluctant after the change in price but they will always come for the quality.
Yes that's the key