Its better to increase customer base by 1%(if you can) because 1% increase in price might result in less people buying your product and you will not benefit from the raise. If you increase your customer base, even at the same price you will get more profit.
increase price by 1% because the money will go straight into the bottom line.
That depends on how elastic the product you sell is. If the product you sell, for example lets say cigerattes(relatively inelastic demand), it would probably be better to increase price. However, if it is something that is more elastic it would be better to increase the customer base.
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A 1% increase in price is pretty straightforward, generally going directly to the bottom line. So say a $1 increase in profits on a $100 base. A 1% increase in customer base depends on the situation. If for instance you were talking about a 1% increase in hardware base vs. price, there might be 5% or 5¢ which drops to the bottom line. However, a 1% increase in volume might also drop your overall cost per unit by up to 25%. Now you are at 30¢. Just as important that 1% increase in sales might also increase other high margin ancillary sales (software, consumables, maintenance, etc.) which can actually make a bigger difference. So let's say sell an equal amount of these add-ons at a 60% net margin thereby adding another 60¢. Now you are at 90¢ vs. $1. Say those consumables are both high margin and ongoing (e.g. razorblades), increasing the customer base leads to an upgrade a few years down the road, it might also lead to a lower cost of capital or higher stock valuation than the 1% increase in price, and of course you can potentially also increase prices down the road. Now all of a sudden the 1% increase in customer base is looking like the better option. So in the end, as usual, the better choice depends on the specifics of the situation.
It depends on demand and supply. If the demand is high, increase the price. If demand is low, increase the customer base to raise demand; then increase the price.
Pressure loss in the piping, the pumps may need a huge head / energy requirement to push the chemicals through. The different altitudes create a change in the chemical composition, increase vapor pressure which need to be compensated for before being pumped or reacted
Very slowly... lol. j/k You dont screw a bolt. Bolts are defined as headed fasteners having external threads that meet an exacting, uniform bolt thread specification (such as M, MJ, UN, UNR, and UNJ) such that they can accept a nontapered nut. Screws are defined as headed, externally-threaded fasteners that do not meet the above definition of bolts