Regarding insurance rates rising, it's a business tactic employed across corporations.
Posted by
David (aka David)
Jul 10 '13, 12:49
|
Kim's company used to do it as well but got burned badly when the economy collapsed in 2008. The idea is that if you raise rates by X%, even if you lose Y% of customers, you still come out ahead in revenue gains, as long as X is greater than Y. Personally, I believe that keeping customers is the end all be all in business. So that tactic has always bugged the daylights out of me.
|
Responses:
|