January 11, 2023
Because chains and smaller eating establishments have dealt with skyrocketing costs differently, restaurant prices were not the only remedy.
Because chains and smaller eating establishments have dealt with skyrocketing costs differently, restaurant prices were not the only remedy.
When restaurants use dynamic pricing they can maximize revenue and diner flow by charging less on Mondays and more on Saturdays.
When "pay what you want" is used to determine restaurant prices, it creates incentives for consumers on the demand side that typically eliminates profit.