Markdowns are a pricing strategy used to drive consumer sales, with benefits including high profits, exclusivity, and market control. Price cutting can also be used to obtain greater profits from a new product or create exclusivity, while controlling the market. Pricing strategies are among the most important way in which a company competes in the […]
Death by a thousand cuts is an ancient Chinese torture that has different meanings, including slow change being perceived as less negative than big change, and the literal sense that a thousand small cuts will kill a person. It was abolished in 1905, but photographic records still exist. The phrase is also used in business […]
