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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Surge pricing

Surge pricing

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  • AxtremusA Axtremus

    Like lowering the prices during “happy hour” is effectively the same as raising them during all other unhappy hours?

    LuFins DadL Offline
    LuFins DadL Offline
    LuFins Dad
    wrote on last edited by
    #13

    @Axtremus said in Surge pricing:

    Like lowering the prices during “happy hour” is effectively the same as raising them during all other unhappy hours?

    Nope. Try again.

    The Brad

    1 Reply Last reply
    • MikM Away
      MikM Away
      Mik
      wrote on last edited by
      #14

      If they intended to lower prices, do you not think they would have shouted that loudly?

      "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

      1 Reply Last reply
      • 89th8 Offline
        89th8 Offline
        89th
        wrote on last edited by
        #15

        How will consumers know of the lower price?

        Aqua LetiferA 1 Reply Last reply
        • 89th8 89th

          How will consumers know of the lower price?

          Aqua LetiferA Offline
          Aqua LetiferA Offline
          Aqua Letifer
          wrote on last edited by
          #16

          @89th said in Surge pricing:

          How will consumers know of the lower price?

          You think they won't notice? There are nutters out there measuring the gram weight of Betty Crocker mix to prove the conspiracy that you get marginally less per box now, and they were right about it.

          Please love yourself.

          1 Reply Last reply
          • 89th8 Offline
            89th8 Offline
            89th
            wrote on last edited by
            #17

            No, I mean... if I were driving down the road, what is going to tell me that Wendy's price is now $1.50 instead of $1.75?

            LuFins DadL 1 Reply Last reply
            • 89th8 89th

              No, I mean... if I were driving down the road, what is going to tell me that Wendy's price is now $1.50 instead of $1.75?

              LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote on last edited by
              #18

              @89th said in Surge pricing:

              No, I mean... if I were driving down the road, what is going to tell me that Wendy's price is now $1.50 instead of $1.75?

              Dynamic signage. It was in both articles.

              The Brad

              1 Reply Last reply
              • 89th8 Offline
                89th8 Offline
                89th
                wrote on last edited by
                #19

                See? Much easier for you just to tell me than to read it on my own. Plz also text me when the cheeseburger is 99 cents.

                AxtremusA MikM 2 Replies Last reply
                • 89th8 89th

                  See? Much easier for you just to tell me than to read it on my own. Plz also text me when the cheeseburger is 99 cents.

                  AxtremusA Offline
                  AxtremusA Offline
                  Axtremus
                  wrote on last edited by
                  #20

                  @89th They probably let you "subscribe" to get email/text when prices reach your thresholds.

                  1 Reply Last reply
                  • jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote on last edited by
                    #21

                    Maybe we should all reevaluate.

                    Warren is against it, so it’s probably a good idea.

                    Thank you for your attention to this matter.

                    1 Reply Last reply
                    • HoraceH Offline
                      HoraceH Offline
                      Horace
                      wrote on last edited by
                      #22

                      she hates markets so much.

                      Education is extremely important.

                      1 Reply Last reply
                      • 89th8 89th

                        See? Much easier for you just to tell me than to read it on my own. Plz also text me when the cheeseburger is 99 cents.

                        MikM Away
                        MikM Away
                        Mik
                        wrote on last edited by
                        #23

                        @89th said in Surge pricing:

                        See? Much easier for you just to tell me than to read it on my own. Plz also text me when the cheeseburger is 99 cents.

                        Ok.

                        https://www.msn.com/en-us/foodanddrink/foodnews/wendy-s-is-offering-1-cheeseburgers-all-month-for-march-madness-after-announcing-dynamic-pricing/ar-BB1jjIB7?ocid=msedgntp&pc=LCTS&cvid=99ba0a3a0f1b4d44a6954f245d81b2f9&ei=216

                        "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

                        LuFins DadL 1 Reply Last reply
                        • MikM Mik

                          @89th said in Surge pricing:

                          See? Much easier for you just to tell me than to read it on my own. Plz also text me when the cheeseburger is 99 cents.

                          Ok.

                          https://www.msn.com/en-us/foodanddrink/foodnews/wendy-s-is-offering-1-cheeseburgers-all-month-for-march-madness-after-announcing-dynamic-pricing/ar-BB1jjIB7?ocid=msedgntp&pc=LCTS&cvid=99ba0a3a0f1b4d44a6954f245d81b2f9&ei=216

                          LuFins DadL Offline
                          LuFins DadL Offline
                          LuFins Dad
                          wrote on last edited by
                          #24

                          @Mik said in Surge pricing:

                          @89th said in Surge pricing:

                          See? Much easier for you just to tell me than to read it on my own. Plz also text me when the cheeseburger is 99 cents.

                          Ok.

                          https://www.msn.com/en-us/foodanddrink/foodnews/wendy-s-is-offering-1-cheeseburgers-all-month-for-march-madness-after-announcing-dynamic-pricing/ar-BB1jjIB7?ocid=msedgntp&pc=LCTS&cvid=99ba0a3a0f1b4d44a6954f245d81b2f9&ei=216

                          Mik, that’s $1.00. He asked for 99 cents. Stop encouraging inflation.

                          The Brad

                          1 Reply Last reply
                          • MikM Away
                            MikM Away
                            Mik
                            wrote on last edited by
                            #25

                            Good point. He won't be able to afford your birthday present.

                            "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

                            1 Reply Last reply
                            • 89th8 Offline
                              89th8 Offline
                              89th
                              wrote on last edited by
                              #26

                              Wait until they add in the tax. MINNESOTA tax, which is like... way worse.

                              1 Reply Last reply
                              • taiwan_girlT Offline
                                taiwan_girlT Offline
                                taiwan_girl
                                wrote on last edited by
                                #27

                                Article which goes more in deep on "dynamic pricing" for products (esp food)

                                https://www.vox.com/money/24105250/fast-food-restaurants-dynamic-pricing-algorithm-wendys

                                Amazon, for example, reportedly changes prices millions of times per day, with the average product’s price shifting every 10 minutes. The FTC, which sued the e-commerce giant last year accusing it of being an illegal monopoly power, alleges that Amazon used an algorithm to test whether competitors would match the company’s price increases on certain products and keep their own price high if they did match. The FTC estimates that Amazon made about an extra $1 billion in revenue through this automated pricing process. Amazon has said that it no longer uses the algorithm and that it was a brief experiment to see whether its price-matching system could lead to unsustainably low prices. (Over a decade ago, Amazon’s algorithm did go haywire and priced a book at almost $24 million.)

                                and

                                Variable pricing for food also isn’t new to the restaurant industry, particularly in fine dining where eating is more about the experience of high-quality food and ambiance than it is about filling caloric needs, as fast food is more likely to be. More so than fast food, dynamic pricing is “very likely to come around to table service restaurants,” says Zagor, not only for the food itself but even for the tables. Reservations for the best seat in the establishment at primetime on a Friday or Saturday, for example, could come at a higher cost than a midday reservation during the week. Dynamic pricing could even come to grocery stores as more US retailers install electronic shelf labels that allow merchants to effortlessly tweak prices for thousands of products.

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