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sf wrote:
>
> On Sat, 05 Oct 2013 10:59:36 -0400, Gary > wrote:
> > Really. The high price, I'm sure, was because it was just days from
> > Superbowl Sunday. Buffalo wings seem to be a tradition for that
> > weekend and the price skyrockets. Check out the prices next SB weekend
> > and compare to price now.
> >
>
> They lower the price of corned beef around St. Patrick's Day, the
> price of turkey around Thanksgiving and the price of prime rib around
> Christmas... so why wouldn't they lower the price of chicken wings
> around super bowl time? Conclusion: either the people who follow
> football are filthy rich or their arithmetic skills are weak.
Funny there. Raising prices during a time when many will buy a product
is just Economics 101 for all the evil corporate sellers. Charge as
much as the market will bear. And that's just smart business practice.
Very interesting though as you pointed out. One would think that
turkeys would cost a premium for Thanksgiving when they *know* that
many will be buying them.
That said, there's also the fact that if you put an item on sale (and
make less profit per item) you will sell many more. Often the volume
of cheaper sales can end up with more profit than selling a few at a
higher profit margin.
G.
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