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Michael
Michael asked in Business & FinanceCorporations · 10 months ago

Is raising merchandise prices by 60% a sign a company is near bankruptcy/going out of business?

Update:

Especially if it's one with 420 employees last summer and laid off thirteen percent of them?

4 Answers

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  • Erik
    Lv 7
    10 months ago

    I've never seen that happen

  • StephenWeinstein
    Lv 7
    10 months ago

    No.  When a business is near bankruptcy or going out of business, they often lower prices.

  • L. E. Gant
    Lv 7
    10 months ago

    More a sign that the merchandise is selling at a premium. 

  • Michael
    Lv 7
    10 months ago

    It's more likely a sign of the opposite.  

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