Companies introduce new products to the market every now and then. Often, the launch comes with a well-known strategy called penetration pricing. Even the streaming giant, Disney+, used it when the platform debuted a few years ago. What makes this approach work? How can you put…

It is unlikely that high food prices will go down soon. Many of the recent price hikes for food are likely to stay that way. Also, even as inflation decreases, certain important food prices are expected to keep rising because of unexpected and hard-to-predict reasons related…

Luxury fashion businesses are looking more promising than before now that economies enter the post-pandemic period. According to recent data, the global luxury apparel market value was $308.7 billion and is forecasted to grow by more than 7% in the next three years. They need a…

The trend of implementing a dynamic toll road price is becoming increasingly popular around the world as a way to help reduce traffic congestion. It works by adjusting toll prices based on factors like the time of day, the volume of cars on the road, and…