Inflation is painful, for firms, customers, employees, and society. But careful study of periods of “hyperinflation” point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply — because constant price changes can ultimately be very, very expensive. And they should consider how to communicate those price changes to customers. Providing clarity and predictability can increase consumer trust, and help firms in the long run.
Content: Article
Authors: Daniel Levy, Mark E. Bergen, Rose Semenov, Thomas Bergen
Source: Harvard Business Review
Subjects: Management, Marketing / Sales, Pricing
Authors: Daniel Levy, Mark E. Bergen, Rose Semenov, Thomas Bergen
Source: Harvard Business Review
Subjects: Management, Marketing / Sales, Pricing
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