The "four secrets" of the technology giant Apple used to set prices of their product lines.
There is no company, large or small, that does not face challenges in determining prices and suitable profitability margins for their products and services today. However, some manage their prices better than others.
The Salvadoran President ruled out the possibility of freezing fuel prices which have reached $ 5 a gallon.
When asked about the additional increase announced by the Ministry of Economy, Funes said: "We will not issue a decree to freeze prices. We do not want to intervene abusively in the market (...) the Economic team is working on a solution to the situation."
Corn shortage is adding to the already existing shortage of bean. Escalating international prices are threatening millions of poor Central Americans.
January global data shows that food prices continue to rise and are already surpassing the 2008 prices.
And while the Central American economies are benefiting in part by the increase, for example by increasing revenues from coffee and sugar exports, they have not secured supply of basic traditional consumer products such as wheat, corn and beans; the basic foods of poor population. The already high prices are worsened by poor harvests due to bad weather.
The Government looks to extend the decree which froze prices of basic goods until January 19, 2011.
The head of the Ministry of Industry and Commerce (SIC), Juan José Cruz, said he had evidence that price speculation in the Honduran market is still present, so he does not rule out the extension of the decree," reports Digital Process.
Congress passed a decree freezing the prices of 33 basic food products.
Corn is not included in the resolution because there is an agreement between producers and manufacturers, which determines the pricing mechanism.
"The decree shall enter into force for a period of 60 days upon publication in the Official newspaper, setting the maximum selling prices of 33 products which make up the basic consumption needs," reports Latribuna.hn.
The government is analyzing the maximum price of 30 products in the basic basket.
The Minister of Industry and Commerce, Fredi Cerrato, said yesterday that "The Consumer Protection Law authorizes price freezes by means of a Ministry Resolution, and that the freeze applies to the maximum price."
XAGRO S.A. Announced that they have signed a purchase agreement with Jam LLC to buy 5,000 MT of red beans from China that will be sold to importers throughout Central America to help ease market pressure and lower the high prices caused by recent shortages.