Yup...everyone is in the same boat. the vast majority of imported stuff is Dollar based, so it effects everyone equally. the exchange rate is the same for big and small businesses. Small businesses are better able to adjust their service offerings to make themselves more competitive. differentiation on price strategy is the most risky business strategy and most small business owners will tell you that pricing strategies very seldom maintain customer loyalty.
Take your own products for example. You make those awesome nets that are very expensive compared to some of the imported mass produced nets, yet people still buy them from you...Why? you have differentiated yourself through a strategy other than price.
Originally Posted by
smallstreams.co.za
Agreed, that has always been the case. My comment was directly aimed at the Zar/Usd and how it affects those relying on stock from abroad (small quantities to reflect their business size) to keep going.
Disclaimer.... none of my posts are intended to be "expert advice"..just opinions from someone who is willing to help where he can.
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