71–80 of 84 posts
Earlier quoted context omitted.
I once asked a friend why he was buying an extra large drink. He told me because he wasn't a little asian dude like me that drinks tiny portions and that he needed an American sized drink. ...
How else do you expect to get to be "American sized" ?
Earlier quoted context omitted.
I've always been a little unsure of the usage of "price discrimination." The basic economics glossary definition generally refers to price discrimination between identical or nearly-identical products. Yet I hear it used for things that have obvious significant functional differences, like the storage tiers of the iPhone. Surely many people are buying iPhones with upgraded storage not simply because they are willing…
The economically most efficient pricing model is to install a brain scanner onto every single potential purchaser and then price the item at a penny below their maximum price or the marginal cost, whichever is greater. Since this is impossible and consumers would revolt, the next best thing is to get consumers to self sort into buckets based on willingness to pay. This process is necessarily going to be imperfect and…
Earlier quoted context omitted.
The economically most efficient pricing model is to install a brain scanner onto every single potential purchaser and then price the item at a penny below their maximum price or the marginal cost, whichever is greater. Since this is impossible and consumers would revolt, the next best thing is to get consumers to self sort into buckets based on willingness to pay. This process is necessarily going to be imperfect and…
Dont worry, when we get remote brain scan technology, advertisers will attempt exactly what you are saying. This is a technology that may actually be possible, heck, it could be possible just by life monitoring at the scale FB and Google do these days.
But the spicy chicken sandwich is good. (IMHO, not quite Chik-Fil-A good, but it's very close. And different, which means I can alternate. Win!)
I'd like to know if it is as good, but there was a huge line yesterday when I happened to drive by a Popeyes in the same plaza as I was going to the grocery store.
Earlier quoted context omitted.
Dont worry, when we get remote brain scan technology, advertisers will attempt exactly what you are saying. This is a technology that may actually be possible, heck, it could be possible just by life monitoring at the scale FB and Google do these days.
I understand the fear of that, but isn’t it much simpler technologically to provide pricing information to consumers? If I’m offered a product for $100 and I check some website that shows the average price is $80, I doubt I would pay the $100.
This is itself an indicator of your consumer profile. Many retailers that consider such consumers part of their target demographic handle it by listing the product at the higher price, but being liberal with discounts.
Those that aren't price conscious buy it at the listed price, and those that are price conscious shoppers will easily land upon a decent discount code. They even cycle through the promos in such a pattern that they hit most of the price conscious consumers with mediocre deals but still have reliably consistent fire-sale style discounts to draw in the super price sensitive.
It's such a tried and true strategy that even RetailMeNot, a site that's popular for price conscious shoppers, is actually owned by the advertising company Valassis (same company that sends out those weekly bundles of junk mail containing coupons and stuff, which most US readers should be familiar with receiving).
Earlier quoted context omitted.
Your comment seems unbelievable to me, though maybe this has more to do with my distaste for lines in general, but I can't believe that a fast food place has developed a sandwich that would warrant a 30 minute drive let alone a 25 minute wait. I love the food in question, fried chicken sandwiches, and I was fairly disappointed with my first Chick-Fil-A sandwich, it was fairly lackluster. In my experience there are fa…
Keep in mind Popeyes is not really fast food. Unless you're ordering fried chicken, everything is cooked to order. They are bound by physics as to how fast they can cook a piece of chicken while keeping it delicious. Add assembly time, and even when it's empty, the cashier will tell you "it'll be 10 minutes" on a sandwich order. Other things that a non-patron of Popeyes should know: * There is a daily special (Wednes…
Apologies for the off-topic comment — I’m not really sure if the Popeyes sandwich is an indicator of anything, but it’s a damn good sandwich. My trash food friends and I drove nearly an hour (sans traffic it would’ve taken 20 minutes) to one of the only Popeyes in the Seattle area on Wednesday. There was a small line but a very long wait for food (understandably! It was similar to Shake Shack at lunch — lots of peopl…
Earlier quoted context omitted.
I've never understood the love for Chikfila. Maybe it's just been the ones I've been to, but the chicken fingers and nuggets seemed average at best. Now Popeye's, I'll gladly go to every once in a while with the understanding that I'll likely need to take a nap after. Their biscuits are a meal in itself, probably containing 4-6 sticks of butter, but damned if it isn't delicious.
>I've never understood the love for Chikfila. It's almost.. almost, like people have different taste and texture preferences. To be fair, many people hate Chipotle because it's "not real Mexican food" but love Taco Bell, and probably just as many enjoy food from either place just because it's a certain kind of food. Not everybody is going for something that's a 100% perfect fit to what it's marketed as.