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Saturday, January 16, 2016
The fortune cat ?
I have looking around for a fortune cat statue in Penang and kl for May's cafe. I don't know whether this will help the cafe to bring in business especially at this bad time when the cost of living have caused much suffering to the low and medium income earners. However I have to try.
In business catering for the medium and low income group, the competition is getting very stiff with people cutting prices to attract customers. With a price cut , there goes the profits to over the cost of business. The people at a place could be full with low priced food , it does not necessary that the outlet is making profits but it benefits their customers. With this business, strategy it will kill off its competitors and after that they raise their prices again. This is the business strategy employed by most businessman.
Therefore, the business owner have to decide whether to follow this strategy for fight for business by their own way. It is a difficult road to walk by oneself and it depends on how deep is his or her financial strength if he or she choose whichever way.
Can the fortune cat help? Whatever hope or not, it is a hope .
Namaste
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