Archive for April 2016
Hearsay When Proof is Illegal: A Legal and Ethical Pricing Challenge in Business Markets
Agreed, the signal may not be exact when using publically available information to benchmark competitive prices. It may not be exactly precise even when found from market research. But it will generally suffice for most pricing questions. In many cases, it must suffice.
Read MoreWhy is Gas Priced by Fractions of a Cent?
The fact that consumers buy gas on a continuum rather than in discrete gallons (unless you’re a wizard with the gas nozzle handle) likely makes it easier for both sides to live with the current arrangement. The pump price and volume numbers go along until the tank is full or you release the handle, and there perhaps isn’t much analytical thought put into the final ratio that appears.
Read MoreMcDonald’s Feasts on All-Day Breakfast, But Causes Indigestion for Some Franchisees
According to Bloomberg Business, the all-day breakfast has created some meaningful initial problems for franchisees. Soon after the all-day breakfast policy was initiated, Bloomberg Business pointed out “Four Reasons McDonald’s All-Day Breakfast is a Headache for Franchisees.”
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