"Selling at a lower price decreases revenue and creates a higher demand."
I can affirm from experience that is not always the case, particularly in a luxury or image-oriented market. Without other info, people will first assume something is worth about what you charge for it, and will virtually never assume it is worth more than that! Charge too little in hifi or software and sales will approach zero.
I can affirm from experience that is not always the case, particularly in a luxury or image-oriented market. Without other info, people will first assume something is worth about what you charge for it, and will virtually never assume it is worth more than that! Charge too little in hifi or software and sales will approach zero.