AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Cato Daily Podcast
A Frosty Reception for Wendy's over Dynamic Pricing
Feb 28, 2024
The podcast delves into Wendy's consideration of dynamic pricing for their menus, the controversy surrounding surge pricing in the fast-food industry, consumer reactions to dynamic pricing in various industries, and the debate between politicians and businesses on pricing innovations.
11:15
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Dynamic pricing aims to optimize profits by adjusting prices based on supply and demand in industries like fast-food chains.
- Customer acceptance of price fluctuations plays a crucial role in the success of dynamic pricing strategies.
Deep dives
Dynamic Pricing in Fast Food Industry
Dynamic pricing, adjusting prices based on real-time supply and demand, is increasingly being tested in various industries including ride-sharing services and fast-food chains like Wendy's. This pricing strategy aims to optimize profits by offering different prices at different times to manage demand. While Wendy's initially considered implementing dynamic pricing, there was significant backlash leading them to clarify that surge pricing similar to Uber's is not part of their plan.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode