What I’m getting from this is that companies could have lowered prices at anytime but kept them artificially high to make more money.
Fuck capitalism!
The inevitable outcome of capitalism: shittier product at twice the price
Well yeah. That’s how business works. As long as demand is steady at current prices why drop them? It’s always about profit.
Consumers need to change their behavior before companies change their prices.
Q1 2024 saw massive declines in Starbucks and other fast food retailers. So I already knew about this trend. After waiting it out, companies are finally counteracting and offering discounts/deals.
This delay in consumer behavior and prices is strange to watch but easy to understand. Higher prices never stop my current purchase, they only make me think harder about my next purchase.
Just speaking from personal psychology here. If I’m already at McDonalds or whatever and prices are higher than I expect… I delay my next trip to McDonalds but I finish my order today.
Similarly, I don’t really look at advertisements. So deals or whatever don’t entice me, because I don’t know about them.
Only after I visit do I see the price drops or discounts and deals, and then it only really affects my next visit. Because I already have decided on a Big Mac so I don’t care that the nuggets are 20% off. When I feel like nuggets later that’s when I’ll think about the deal.
That’s an interesting observation. Never thought about it that way but you’re right for some of us. My wife, on the other hand, knows about the deals and specifically will go when they come up. So for others it does work that way.
NPR, do better. The headline should be “price gouging is out of fashion.”
Deals and discounts are bs. Just lower your prices again you greedy bastards
Won’t someone think of the profits!
That’s prophets. Profits is more Quark’s area of expertise. I bet The Sisko couldn’t even tell the difference between gold pressed latinum, and a counterfeit.
In that case…
