demand always falling.why?!
Posted: Sat Feb 01, 2014 12:46 am
Looking at the graph of quantity sold I always see demand falling. at the start of each new retail store I set the price to 0.01 to sky rocket demand and then set it on a price where the overall quality is +2 better than competitors. but after a while, even if my overall rating is higher than the competitors demand start to fall with no reason (or maybe, I miss something?. it's not a recession, since the economy is still booming or on expansion).
And another thing - so when I'm choosing a product to sell at the start I can see that the overall revenue in the city is something like 2-3mil. Than I get into business, start selling the product, most of the times with a higher price than the local competitors and watching that revenue always going down about 20-30%. why that's happen? why when I start to sell my product people stop buying it? it makes no sense. anyone can explain that to me?
And another thing - so when I'm choosing a product to sell at the start I can see that the overall revenue in the city is something like 2-3mil. Than I get into business, start selling the product, most of the times with a higher price than the local competitors and watching that revenue always going down about 20-30%. why that's happen? why when I start to sell my product people stop buying it? it makes no sense. anyone can explain that to me?