We all know about pricing, right? Hopefully, we know the difference between markup and margin. We know how to calculate break even. Here are eight things you should know about the psychology of pricing.
As design engineers, we frequently use systems requiring pressure regulation. A regulator, as defined by the ASPE Plumbing Dictionary, reduces variable inlet pressure to a stable outlet pressure under changing flow conditions. It maintains a uniform gas pressure lower than the supply pressure. Essentially, a regulator ensures consistent downstream pressure from a variable upstream pressure.
If you treat a customer well, they will recommend your services to three others. However, if you treat a customer poorly and make them feel cheated, they will spend a lot of time spreading negative feedback, especially on social media.
