Final answer:
When a customer brings in an ad from another store with a lower price, there are a few ways you can react: match the price, offer additional value, or emphasize unique benefits.
Step-by-step explanation:
When a customer comes into your store with an ad from another store showing its advertised price which is lower than your price, there are a few possibilities for how you can react as a business owner:
- You can match the competitor's lower price in order to retain the customer and prevent them from going to the other store.
- You can offer additional value or incentives to the customer, such as better customer service, warranty, or product features that the competitor may not be offering.
- You can explain the unique benefits of purchasing from your store, such as higher quality products, better selection, or more convenient location.
Ultimately, the best approach will depend on your specific business strategy and the competition in your market.