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I understand the theory, but practice doesn't work like that. Lost customers and brand are lost. And new competitors stick around.
by frognumber 2y ago
I understand the theory, but practice doesn't work like that. Lost customers and brand are lost. And new competitors stick around.
- fireflash38 2y agoIt's why they push it harder when theres a convenient excuse to raise prices. Less reputational or brand harm if you get to blame Middle East, OPEC, hurricanes, inflation, etc. And for a lot of the big ones, they can always drop prices back and crush competitors before going back up.
- s1artibartfast 2y agoWhich is fine because Big macs aren't a human right. Churn is acceptable, if not desirable.