Today's Revenue Management thought:-
Over a decade later & the truth still holds solid ground.
Warren Buffett said this about pricing power in a 2010 interview:
“The single most important decision in evaluating a business is pricing power. If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”
Have a profitable week.
✌🏼