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The practice that this student engaged in is called “arbitrage” - taking a thing that is undervalued and finding its true value. Kristy Kreme undervalued their
by jbob2000 7y ago
The practice that this student engaged in is called “arbitrage” - taking a thing that is undervalued and finding its true value.
Kristy Kreme undervalued their product, which made it ripe for arbitrage. If not this student, it would have been Uber Eats or some other delivery service.
- nomel 7y agoIs it arbitrage? The value he's adding is convenience, which is what people are paying extra for. I don't think the donuts sitting behind the counter at Krispy Kreme are undervalued. They have a huge inconvenience cost built into their location.
- jbob2000 7y agoMy comment was a bit wrong, I should have said that he found value in another market; krispy kreme was serving one market, where the donuts were valued at X. But this guy found the student market, where donuts were valued at x+n.
- deleted 7y ago[deleted]
- kgwgk 7y agoCommerce: the exchange or buying and selling of commodities on a large scale involving transportation from place to place Retail: the sale of commodities or goods in small quantities to ultimate consumers