Hoarding is usually a bad business strategy. When a business hoards, it keeps lots of products instead of selling them. This can be bad because the products might get old or go bad, like food or fashion items. Also, keeping too much stock means the business has less money to spend on other important things.
On the other hand, if there's a sudden big demand for the product, having a lot might help. But usually, it's better to balance stock, sell what you can quickly, and use the money smartly. So, in most cases, hoarding isn't a good idea for business. It affects the economy negatively as well. However, some people are so lucky to make huge gains from this overcoming storage issues and more.
On the other hand, if there's a sudden big demand for the product, having a lot might help. But usually, it's better to balance stock, sell what you can quickly, and use the money smartly. So, in most cases, hoarding isn't a good idea for business. It affects the economy negatively as well. However, some people are so lucky to make huge gains from this overcoming storage issues and more.