The recession taught consumers to be cautious and frugal with their money. Fortunately for businesses, the economy is turning around and consumers are beginning to open their pocket books. According to new data from the National Retail Federation, Americans are becoming more generous with their spending habits, even with small luxury items.

How do you know if you are charging too much or too little for your products or services? Since determining the right price is a difficult task for businesses, SBN offers some tips that might make the process easier.