Quote from: Accardo on November 18, 2023, 11:36:04 PM

Quote from: Dewi Aries on November 18, 2023, 05:08:17 PM

Quote from: Accardo on November 17, 2023, 07:54:50 PM

Quote from: Dewi Aries on November 17, 2023, 10:28:16 AM

Yes it is like that, even shops like this around my house are not just one so indeed shops like this have fierce competition, as I said by differentiating prices a little cheaper then they will pursue shops that have cheaper prices even though the price difference is very small it can affect their marketing. also this shop will have loyal customers like you said, they will shop because it is convenient at an affordable price. With basic needs every day, it is possible that a shop like this will not be extinguished by always providing basic necessities that will definitely be sold every day. But of course there will also be definite risks, by managing it well it doesn't matter, even if you can manage it well it could be faster to reopen a gerosir shop or grocery store in another place because as I said there is the potential to grow quickly because by differentiating prices a little cheaper than other stores.

Reducing prices is great way of getting more customers. When the next shops increase prices and it's important to maintain the company price. And still offer quality products. It'll yield more trust from buyers and fetch new customers. The new customers we should expect are those who don't feel right about the prices other shops provide and wants to check elsewhere. But, they're customers that believes, since this shops sells at this rate, that shop would also sell at same rate. Unless someone tells them about getting same product and quality at a cheaper rate in the other shop. What I mean is that the loyal customers of the other shop owners still wouldn't mind buying at their favorite shop owner's shop. But the cheaper shop would definitely gain more customers in the street where they reside. Expanding quickly; building more in different province would be detrimental to the growth of the business. The growth of such shops still take years to get to a big sized shop like a mini super market. When running such a business it'll be great to hold tight the environment we started and win them over for years. Then establish a new one elsewhere, when we are sure about the solidity of the first shop. Thereby building the next one with the income the first one generates. And maximizing profits due to the increase in demands. Or maybe selling some products from the first in the new one. That would be a better idea and also reduce the risk of losses.

Because it can have a big influence on the shop that is run, and service can also affect store sales. we take the example of other shops or other businesses, for example coffee shops, many coffee shops today because it is a trendy place to hang out especially among young people, and the greatness of young people looking for a place to relax is a coffee shop or caffe. What I have experienced, I have visited a luxurious coffee shop with a high selling price per item, but their poor service made me lazy to visit the coffee shop again, in contrast to the other coffee that is simple and affordable prices with good service, can treat customers well, and it makes me comfortable to enjoy coffee or other menus. So service can also determine people to visit our shop or our business. because if with a comfortable waiter they do not hesitate to come back, there is even the potential for them to give good news to others and invite them to come to our shop. And service can also bring people who will become loyal customers who can even become friends to chat. right what you said, if the first store can be controlled properly, then you can reopen a new store, and not only grocery stores can be other stores as well to become a business.

Moving ahead with your example, what would be your decision if the expensive coffee shop had better customer relationship than the cheaper one? the answer can still explain better about what I meant by loyal customers sticking to the shop they like despite getting products more expensive. A shop that sells at a cheap rate could be overwhelmed with customers, not everybody would wait to get served. So, they'll have no option than to stick to the shop with a bit more expensive product, yet fast in responding and serving their needs. Hence, with your example, you'd notice that with this example, price is definitely what brings the relationship between the seller and the buyers. But, being concerned about the comfort of the buyer, can play a big role in retaining them, to visit some other times. Taking a food restaurant for example, some sell very high than their competitor and still retains customers. Due to the quality of food they provide to the customers across all branches. These days buyers want to be treated right and respected. Regardless of how much you charge them for the products.

It all comes back to yourself, I myself would prefer a coffee shop with affordable prices and a simple concept and also good service, maybe there are people who maintain their luxurious lifestyle even though it doesn't make them comfortable, because with those who feel they can afford it, they can maintain it with luxury, but not with me.
"So, they have no choice but to stay in the store with a slightly more expensive product", like you said this, so it all comes back to yourself, if the name of a loyal customer, of course they will survive by waiting to be served, because no matter how busy the store will definitely serve its customers well even though they have to wait, if they can't wait maybe they are annoyed with the service, but if people are smart, they can see when the store is crowded customers are queuing naturally they wait, right?

About the price being the determinant, it's true, like the saying "money knows the quality of goods" the more expensive the price, the better the quality. That is absolutely recognized. But is it possible that all people are like that? They don't want to wait to be served and run away from shop A to shop B? I don't think so. People's comfort is different, just like choices, they have the right to choose what is best for themselves.