7.2 - Mindset 2
Mindset 2 leads to analytical and strategic responses to the tariff impositions. Three principal ones stand out, and they all require segmented data to present you with the best options.
strategic pricing - avoid across the board price increases but instead select the product/customer cells that offer the best impact with the least overall disruption.
substitutions - attempt to move customers to products that still meet there needs but involve purchases with no or lower tariffs.
sharing arrangements - negotiate formal of informal arrangements throughout the channel to spread the tariff according to some agreed upon fairness principal