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> Happy Hour is static surge pricing. Happy Hour is incentive pricing to try to get customers to come in earlier than normal.
by marklubi 3y ago
> Happy Hour is static surge pricing.
Happy Hour is incentive pricing to try to get customers to come in earlier than normal.
- bryanlarsen 3y agoSurge pricing is also incentive pricing to try to get customers to come in earlier than normal.
- marklubi 3y agoIt is not the same. One is designed to incentivize a behavior (come around more/earlier), the other is designed to reduce the behavior by disincentivizing it (don't come around when we're busy). While I actually like surge pricing in situations like a natural disaster or New Years Eve (e.g., gets more drivers/suppliers on the road), as proposed by Wendy's it's a very poor anti-pattern. One is a loss-leader, the other is not. Edit: This is exactly why I usually quote the person I'm responding to (I failed to do it here). Their current message is not what they originally posted, they edited it and pretty much repeated what I said.
- bryanlarsen 3y agoI didn't edit anything. And happy hour isn't a loss leader.