Trial and error?
Just raise it 10 cents, or something *thinking of stores like Target*, every week until sales drop?
Depending on the elastisity of the product though, higher prices would reduce sales, but still increase profit.... so would they just check weekly profit + margin of error statistics?
Just raise it 10 cents, or something *thinking of stores like Target*, every week until sales drop?
Depending on the elastisity of the product though, higher prices would reduce sales, but still increase profit.... so would they just check weekly profit + margin of error statistics?