Price increase can spell the success or failure of any given business. It is one procedure that should be taken with caution. Nanaimo is faced with the challenge of price increase with the competition being one of the factors that need to be considered. Starbucks and Serious Coffee have been our main competitors. An uncalculated price increase can result in loss of customers.
With the 25% increase in cost, there are many options that will have to be considered when undertaking price adjustments. One of the strategies that will be considered in determining the price increase is using cost ...
