Question: Given the pressures caused by global commodity price fluctuations in Valoria, how should a small agricultural business manage its pricing strategy to maintain profitability? Stabilize
Given thepressures caused by global commodity price fluctuations in Valoria, how should a small agricultural business manage its pricing strategy to maintain profitability?
Stabilize prices by locking in longterm supply contracts to avoid the volatility of commodity prices.
Increase prices during commodity booms to take advantage of high demand and higher income levels.
Shift to producing luxury goods that are less sensitive to price fluctuations.
Focus on exporting crops to countries with stronger currencies to benefit from the appreciating krona.
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