Is there a future for dynamic pricing model? Interesting research from Provoke Insights. https://lnkd.in/eA-ACQrz
Modern Restaurant Management (MRM) magazine’s Post
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Unlock the secrets of pricing psychology with our latest insights. Find out how subtle changes in how you present prices can significantly influence customer spending. Our analysis, backed by empirical studies, offers you practical strategies to boost your revenue through intelligent pricing tactics. Learn more about crafting prices that convert by reading our full post here: https://lnkd.in/dcP9qvCx #PricingPsychology #RevenueGrowth
The Simple Price Trick that Can Increase Your Sales by Up to 8%
wickersham.co.uk
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📰 Interesting insight: "Taking away the largest serving of wine by the glass—in most cases the 250ml option—led to an average reduction in the amount of wine sold at pubs and bars of just under 8%, new research led by a team at the University of Cambridge has discovered." 📝 Insights: - Reducing the largest serving size of wine by the glass resulted in a significant decrease in overall wine sales at pubs and bars. - The average reduction in wine sold was nearly 8%, highlighting the impact of serving size on consumer behavior. 💡 Observations: This study emphasizes the influence of portion sizes on consumer choices. It's a reminder that even small changes in serving sizes can have a noticeable impact on consumption patterns. As individuals, we can apply this insight to our own lives by being mindful of portion sizes and considering how they may affect our overall financial well-being. ❓ Question: How do you apply the concept of portion control to your financial decisions? Share your thoughts! #FinancialInsights #ConsumerBehavior *Note: The provided article does not directly relate to retirement or financial planning. However, by focusing on the broader concept of consumer behavior and its implications, we can engage our audience in a meaningful discussion about financial decision-making. https://lnkd.in/ezNpU3Tv
Removing largest wine glass serving reduces amount of wine sold in bars and pubs, research finds
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Unlock the secrets of pricing psychology with our latest insights. Find out how subtle changes in how you present prices can significantly influence customer spending. Our analysis, backed by empirical studies, offers you practical strategies to boost your revenue through intelligent pricing tactics. Learn more about crafting prices that convert by reading our full post here: https://lnkd.in/dcP9qvCx #PricingPsychology #RevenueGrowth
The Simple Price Trick that Can Increase Your Sales by Up to 8%
wickersham.co.uk
To view or add a comment, sign in
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Unlock the secrets of pricing psychology with our latest insights. Find out how subtle changes in how you present prices can significantly influence customer spending. Our analysis, backed by empirical studies, offers you practical strategies to boost your revenue through intelligent pricing tactics. Learn more about crafting prices that convert by reading our full post here: https://lnkd.in/deS9ukPS #PricingPsychology #RevenueGrowth
The Simple Price Trick that Can Increase Your Sales by Up to 8%
wickersham.co.uk
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Transform your pricing strategy and watch your profits soar! 📊 Our blog explores effective pricing tactics that leverage consumer psychology for increased revenue. Discover how to make your pricing model a powerful tool for business growth. Start applying these expert insights today to see real results! Check out our detailed guide here: https://lnkd.in/deS9ukPS #ProfitMaximization #StrategicPricing
The Simple Price Trick that Can Increase Your Sales by Up to 8%
wickersham.co.uk
To view or add a comment, sign in
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Transform your pricing strategy and watch your profits soar! 📊 Our blog explores effective pricing tactics that leverage consumer psychology for increased revenue. Discover how to make your pricing model a powerful tool for business growth. Start applying these expert insights today to see real results! Check out our detailed guide here: https://lnkd.in/dcP9qvCx #ProfitMaximization #StrategicPricing
The Simple Price Trick that Can Increase Your Sales by Up to 8%
wickersham.co.uk
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We put together a blog discussing the cost analysis of investing in a cookie machine. Thanks to all the benefits of a cookie machine, it ends up paying for itself in no time. Read on to learn how.
Cost Analysis: Investing in a Cookie Machine | Empire Bake
empirebake.com
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A very good treatise in The Atlantic of a growing, real-life situation: Dynamic Pricing and Additional Fees. Marketing and Financial executives may love it. Consumers are annoyed or confused by it, or both! And technology is the component that makes it possible. Is there a balance? Read on and opine. https://lnkd.in/ewRqmE35
Welcome to Pricing Hell
theatlantic.com
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The Conversation US has published my article on The Wendy's Company’s dynamic pricing (mis)announcement and what managers can learn from it. https://lnkd.in/gwbtdypX
Wendy’s ‘surge pricing’ mess looks like a case study in stakeholder conflict
theconversation.com
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💸 Last two years saw revenue growth driven in major part by price increases. With inflation calming slightly (despite UK Dec numbers) and BRC reporting weak December numbers for retail in general, the brands who want to grow will have a choice on innovating, relooking at their PPA (Price Pack Architecture) or increasing promotional depth/frequency. Despite all the work done in '23 to optimize PPA, there will always be an ongoing need to monitor consumer demand against the wider economic and political fluctuations. 🛒 📈 To perform these checks quickly, accurately and cost effectively, check out EPIC Conjoint’s variety of rapid FMCG conjoint solutions - supermarket shelf, discounter/pallet, rack display, refrigerator, e-commerce. Click 🖱here https://lnkd.in/exDpWJzc #inflation #SmartPricing #recession #ConjointAnalysis #surveys
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