asked 42.6k views
3 votes
Oona is a talented ceramics artist and does beautiful work. She runs an online ceramics company that sells her handmade mugs, plates, vases, and other products. She sells a lot of products, but she is not turning a profit. Which change can Oona make to best help her business succeed? Oona can hire more employees to sell her products, Oona can start selling things other than her ceramic pieces., Oona can raise the prices she charges for her products. Or Oona can take a second job to support her online business.​

asked
User Sbacarob
by
8.0k points

1 Answer

7 votes

Answer:

The correct answer is Oona can raise the prices she charges for her products.

By raising the prices, Oona can ensure that her products are priced in a way that covers the costs of production, materials, overhead, and other expenses associated with running her ceramics business. Increasing profitability is crucial for sustainability and growth. Additionally, higher prices can create a perception of higher quality and exclusivity, attracting customers who appreciate the craftsmanship and artistic value of her handmade ceramics. Increasing prices can improve Oona's profit margin, allowing her to reinvest in her business, expand her product line, or invest in marketing efforts to reach a wider audience. It is important for Oona to conduct market research, analyze customer behavior, and consider competitors' pricing before implementing any changes.

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