How do you have a profit if you can’t pay taxes?
Profit is whatever money your company has left after taxes and expenses including your own salary.
How do you have a profit if you can’t pay taxes?
Profit is whatever money your company has left after taxes and expenses including your own salary.
Raising prices can also lead to a drop in volume.
Dropping prices can lead to higher volumes while he might have unnecessary overhead to cut.
Most businesses are either cost leader, differentiator or focused. Unless OP is in a niche market with little competition or make a truly unique product/service, raising prices might lead to more loss