I agree with Paraneer, pricing as to what the market will bear is pretty common. Then do your best to increase efficiencies, reduce scrap, buy better, sell more, etc.
Regarding retooling and equipment as expense, I agree with the initial spend- but one would hopefully realize improvements in efficiencies as result.
I can see where it would be a competitive business. Especially if you depend on distributors to educate customers and sell the value of the product vs price- assuming the product can be differentiated and has unique value.
Regarding retooling and equipment as expense, I agree with the initial spend- but one would hopefully realize improvements in efficiencies as result.
I can see where it would be a competitive business. Especially if you depend on distributors to educate customers and sell the value of the product vs price- assuming the product can be differentiated and has unique value.