99cents Goods

Value vs. Cost: Balancing Product Pricing for Optimal Customer Appeal

Pricing is a delicate art in the world of business. How you price your products can significantly influence customer behavior, market positioning, and your overall business success. A fundamental consideration in pricing is the balance between the perceived value of your product and its cost.  Striking the right balance between value and cost is essential […]

Unveiling the Future: Key Trends Shaping Consumer Industry in the Next Decade

The consumer industry is a dynamic and ever-evolving sector that is deeply influenced by technological advancements, changing consumer behaviors, and global economic shifts. As we stand on the cusp of a new decade, it’s imperative to take a closer look at the key trends that will shape the consumer industry in the next ten years.  […]

Understanding Supply and Demand: Economics 101 for 99 Cents Goods

In the world of economics, the principles of supply and demand serve as the bedrock upon which the entire discipline is built. They are the invisible forces that determine the prices of goods and services, shape market behavior, and influence the decisions of businesses and consumers alike.  To gain a deeper understanding of these fundamental […]

The Economics of Consumer Behavior: What Drives Purchase Decisions?

Consumer behavior is a complex interplay of psychological, sociological, and economic factors that influence the choices individuals make when purchasing goods and services. Understanding these drivers is essential for businesses seeking to attract and retain customers.  In this article, we will delve into the economics of consumer behavior to explore what motivates individuals to make […]

Pros and Cons of Different Economic Models: Which One Fits Your Business?

In the complex landscape of economics, various models have been developed and implemented across the world. Each economic model comes with its own set of principles, policies, and ideologies, shaping the way a nation’s economy operates. When it comes to businesses, understanding the pros and cons of different economic models is crucial for making informed […]

Pricing Strategies for Every Stage of Your Product Lifecycle

Pricing is a dynamic and crucial component of any product’s success. The right pricing strategy can maximize profitability, attract the right customers, and propel a product through its lifecycle stages. Understanding how to price your product at each stage of its lifecycle is essential for achieving sustainable growth and competitiveness.  In this article, we’ll explore […]

Mastering the Art of Strategic Planning: Steps for a Successful Business Strategy

Strategic planning is the compass that guides businesses towards their long-term goals and objectives. It’s the art of making deliberate choices and allocating resources to achieve a competitive advantage and sustainable success. In an ever-evolving business landscape, mastering strategic planning is crucial.  In this article, we’ll explore the steps for creating a successful business strategy […]

Pricing Strategies for Every Stage of Your Product Lifecycle

Inflation, often described as the silent tax, is a complex economic phenomenon that affects nearly every aspect of our lives, from the prices we pay for groceries to the success of businesses large and small. In this article, we will unveil the concept of inflation, dissect its causes, and explore the far-reaching impacts it has […]

From Ideation to Implementation: Crafting an Effective Product Launch Strategy

The journey from ideation to the successful launch of a new product is a critical phase for any business. An effective product launch strategy can make the difference between a product that soars and one that fizzles out. In this article, we’ll explore the steps involved in crafting a comprehensive product launch strategy that maximizes […]

Dynamic Pricing: Leveraging Data for Real-time Adjustments and Increased Profits

Pricing is a fundamental aspect of any business strategy. Traditionally, businesses set static prices for their products or services, but in today’s data-driven world, dynamic pricing has emerged as a powerful strategy. Dynamic pricing involves adjusting prices in real-time based on various factors such as demand, competition, inventory levels, and customer behavior.  In this article, […]