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Managing inflation: Here’s how to know when the price is right

There are two ways retail business owners can approach product pricing strategy. They can bravely make an informed decision – or they can be crazy brave.  Supply-chain cost pressures have been rising for some time – the last two years have squeezed freight, logistics, warehousing, materials, and manufacturing. And that was before inflation and wage pressures were factored in. Absorbing additional costs may be an option when facing short-term issues or in isolated cases, but these supply