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Global pricing of a critical raw material used in the manufacture of your products has gone up sharply. Fearing customer backlash, you have not raised

Global pricing of a critical raw material used in the manufacture of your products has gone up sharply.  Fearing customer backlash, you have not raised your product pricing but this has reduced your profit margins to a point where your shareholders are unhappy.  What strategies would you implement to manage your profit margins and hold on to your customers and shareholders?

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