Clarence - 3:05 am on Aug 4, 2012 (gmt 0)
worst decision possible!
either competition will lower and everyone will lose or the perceived price will be set and customer won't pay more again.
What's the point of beating the competition? Do you think they will just give up because you're taking all the customers ? They will let their inventory go to waste? No, they will compete. Imagine back and fourth on prices until you both are selling at cost! doesn't sound like a smart move!