what suggestions can you give to maintain fair pricing for both sellers and buyers?
Answer (1)
Maintaining fair pricing ensures that sellers earn just profit while buyers get good value for their money. Here are some practical suggestions,Price Transparency – Sellers should clearly display the price and explain what makes the product or service worth it. This avoids confusion or hidden charges.Market Research – Both sellers and buyers should be aware of the average market price. Sellers can set competitive but fair prices, while buyers can avoid overpaying.Quality Standards – Sellers must provide products that match the price in terms of quality. Buyers, on the other hand, should also be willing to pay a reasonable amount for higher quality.Government Regulation – Authorities should monitor basic goods to prevent overpricing and protect both consumers and small businesses.Open Negotiation – In some cases, especially in markets, allowing polite bargaining can lead to a price that satisfies both sides.
