Posts Tagged: price


22
Oct 09

Daily Links for October 16th through October 22nd

All excerpts are quoted from the respective link(s).


14
Sep 09

Daily Links for September 13th

All excerpts are quoted from the respective link(s).

  • What We Can Learn About Pricing From Menu Engineers – Rapp is a menu engineer. He helps restaurants maximize revenue by hacking common flaws in human decision-making. For example, by simply removing “$” signs from prices, people are less intimidated by them. And he advises against listing items from least to most expensive, because that focuses the consumer on price. Instead he mixes up items, making it hard to find their price — thereby encouraging the customer to emotionally commit to something before finding out what it costs. But my favorite strategy of his is that of putting some absurdly expensive item on the menu. Rapp doesn’t expect many consumers to buy it, but having it there makes expensive items appear cheap by comparison. Think about it: How many times have you ordered a bottle of wine in the middle of the price range?

2
Aug 09

Daily Links for August 2nd

All excerpts are quoted from the respective link(s).

  • Meta

  • Pages

  • Statcounter


    View My Stats