The Answer Is Transaction Costs All You Can Eat, or By the Ounce?
Aug 22, 2023
Exploring the concept of transaction costs and its influence on pricing and packaging policies in the restaurant industry. Discussion on pricing options for salad and food bars, including all-you-can-eat buffets by the ounce and the challenges they present. The process of valuing food inventory in a buffet-style restaurant and the benefits of pricing by the ounce. Comparison of cost savings of pricing by the ounce versus all you can eat. A funny incident involving Keynesian economists on a moose hunting trip and their unexpected optimism in the situation.
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