Navigating Price Increase: Strategies to Maintain Customer Loyalty

Running Your Business / By

Can your business retain customers while raising prices? Businesses in Singapore have been navigating this delicate situation since the country’s Goods and Services Tax (GST) saw a hike from 8% to 9% on 1st Jan 2024. While a price increase is inevitable, maintaining strong customer relationships can be achieved. With strategic planning, effective communication and …

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