Good-Guy
VIP Contributor
Running or managing a business is not at all easy and there are various reasons for that. One of the biggest reason why running a business is not easy is that many businessmen have a really hard time selling their products to the customers. I believe that if there are no sales, there is no business and any business that has no success selling products should prepare itself to file for bankruptcy. However, sales are not the only issue a company might face. There could be other issues as well such as management issue, financial system-related issues, and some other administration issues that could also lead a company to various problems.
One of the biggest issues many big and small retailers face is a lack of supply from the manufacturer. This leads to frustration in the market. In a monopolistic market, there are many retailers who depends on a couple of suppliers and these suppliers or manufacturers set their own prices for their products. While it makes sense that each and every manufacturer has the right to set their own prices, the problem arises when these manufacturers set higher prices and reduce the supply of the product. This leads to shortage of the product and high prices just make things worst for both the customers and the retailers as well. How do deal with this condition?
One of the biggest issues many big and small retailers face is a lack of supply from the manufacturer. This leads to frustration in the market. In a monopolistic market, there are many retailers who depends on a couple of suppliers and these suppliers or manufacturers set their own prices for their products. While it makes sense that each and every manufacturer has the right to set their own prices, the problem arises when these manufacturers set higher prices and reduce the supply of the product. This leads to shortage of the product and high prices just make things worst for both the customers and the retailers as well. How do deal with this condition?