Inflation is high, so if GM wants to continue making $2.1 billion in profit then it needs to raise the prices.
And if GM is to report increasing profits to the shareholders, then it needs to increase the price of cereals above the inflation rate to compensate for the decrease in customers due to its high price.
Well, duh.
Inflation is high, so if GM wants to continue making $2.1 billion in profit then it needs to raise the prices.
And if GM is to report increasing profits to the shareholders, then it needs to increase the price of cereals above the inflation rate to compensate for the decrease in customers due to its high price.