3 ms·
> Raising prices for a limited commodity when literally not everyone who wants one can get one is the best strategy. ... > It doesn't matter if all 400 peop
by andrekandre 4y ago
> Raising prices for a limited commodity when literally not everyone who wants one can get one is the best strategy.
...
> It doesn't matter if all 400 people in line could afford them if the first person in line buys them all!
the other solution to raising prices is to limit purchases per customer isn't it?
i seem to recall they did this with ps5, and same for iphone in the old days during launch... its not novel idea imo... e.g "limit one dozen donuts per customer" etc
- danielmarkbruce 4y agoThen you get people paying other people to stand in line. It's a thing.
- andrekandre 4y agoso whats the alternative to raising prices... nothing?
- danielmarkbruce 4y agoDepends what you are optimizing for. That might sounds like a non-answer, but it's true.
- Nifty3929 4y agoI provided two other very reasonable alternatives in my prior comment. All three of these options make sense and are used in various contexts. But other than these three choices, I can't think of any others.