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Wow. Last night I was thinking... if I was a supermarket manager in an inflation-ridden country, how would I save money by not changing price tags everyday? And
by meric 16y ago
Wow. Last night I was thinking... if I was a supermarket manager in an inflation-ridden country, how would I save money by not changing price tags everyday? And my answer was to set one of my products as "1 Unit" and just price every other product in multiples of that "Unit". That way I only had to change the price of a single product!
And then today I read this! What a coincidence! I never would've thought you could scale up this technique up to do it to the whole country!
- ataggart 16y agoDuring the hyperinflation in the Weimar Republic, grocers dealt with this by changing the organization of their stores. Instead of grouping like-kind items together, they grouped like-priced items, then they would just bump the prices for each aisle.
- tomjen3 16y agoThat is certainly one solution, but what happens when the government puts a limit on how much you can charge for bread? The best solution is the one my current supermarket uses - the price tags on the shelves are a cheap LCD display, so all they have to do to update the prices are to push the new prices from a database.