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Price Sensitivity

There are only three ways to increase profits: Increase Sales – can you produce any more? Decrease Costs – can you reduce any more? Raise Prices – can YOU actually do that? In this video we are looking at Break-even Points and Price Elasticity – really useful for measuring the extent to which a change in price will affect buyer behaviour. Another tea break tip from The Hidden Edge on how to use business models and tools to help you manage your growing business. You can download the templates from The Hidden Edge website. Do share your stories there too. I am building a portfolio of small business case studies and would love to include examples of what has worked well for you. Website: https://thehiddenedge.co.uk/ Facebook:   / thehiddenedge   LinkedIn:   / the-hidden-edge   Twitter:   / thehiddenedge   Podcasts: https://anchor.fm/thehiddenedge Fair Use Copyright Disclaimer: This is an educational not for profit production. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favour of fair use