Chuck E. Cheese's Pricing Theory
In the podcast “Chuck E. Cheese’s: Where a Kid Can Learn Price Theory”, Stephen J. Dubner discusses the current violent outbreaks, along with some possible theories. One of his listeners, Nathan Corroy, a financial adviser in Milwaukee, Wisconsin, mentions that a contributing factor may be the pricing strategy. Right now, all the arcade games at Chuck E. Cheese’s cost one token to play, even though some games last longer than others. Thus, Dubner asks an important question “How does the price of a good or a service effect consumer behavior?” (Dubner). Steven Levitt, an economist, says that if the experience has a low cost, then it causes long lines of people that want to access it. Thus, Corroy’s initial theory was put to the test. An investigation …show more content…
Before this podcast, I had no idea there were so many videos about violent breakouts in Chuck E. Cheese’s. So, hearing about Corroy’s theory about the possible connection between prices and physical assault really caught my attention. The way they walk the listener through the process of disputing the theory was also well done. First, they link some videos about assaults to inform the reader that the violence is popular in the media, which is useful for those like me who had never even thought it was so common. Then they include responses from the owner, which give trustworthy insight about the issue and about how they cannot reject the possibility that the violence is caused by the lack of ranging prices for each arcade game. This leads to the data gathered from the experiment/police reports, which gives intel about how many instances this has taken place. The way the topics flowed smoothly to the next while provided deeper meaning helped engage the listener. They also made sure to include light hearted commentary, which made the audio seem more friendly and entertaining rather than a serious research essay. Overall, I found the podcast to be an enjoyable way to inform many people about such an unconventional
A1 Steak Sauce: Lawry's Defense
1559 Words | 7 PagesA1 currently holds 48% of steak sauce shelf spacing at retail stores, selling the most during Memorial Day and July 4th, and receiving 10% of its profit during that time. Thirty percent of A1’s revenue was spent on promotion, including 15% on advertising, 10% on in store and trade promotions, and 5% on consumer promotions. In 2003, their promotions included costing $1,000,000 per quarter, a $50 coupon for the steak sauce, and a potential of reaching 50 million households in the
Culver's Mission Statement
669 Words | 3 PagesCulvers first opened its doors in Sauk City Wisconsin in the year of 1989. Craig and Lea Culver sensed it was destiny to open this restaurant with Craig’s parents. With the love of food and Custard, Culvers was created in the image of this family, even down to the mission statement which says “Every guest who chooses Culver’s leaves happy.” The family of Culvers focused their business around their customers. Everything had to be made with the best and finest ingredients, hospitality was crucial, and commitment was held in the hearts of all who helped build Culvers into what it is today.
Serial Podcast Response
630 Words | 3 PagesFriedersdorf does bring in other articles to challenge both Koenig’s and Kang’s thoughts on the podcast’s production and script. Kang challenged Koenig’s credibility to report on cultures she does not understand due to her whiteness. Friedersdorf goes back and forward on this idea throughout the article. Friedersdorf starts off the article by listing his biases, which is a way for his to boost his ability to be trusted as a source. He likes to tells his audience about who he likes and what he likes about them, including the podcast Serial.
Podcast Kid Logic Analysis
955 Words | 4 PagesThe last story in the podcast was also very interesting because as adults we sometime forget that children logic is different from adult logic. In the story Julie’s husband Doug was battling brain disease so her son took what he was told and attributed to The Lion King. There on out her son disliked God & hated babies at first she couldn’t quite understand what was going on with her son and why he was going through these changes until one day he asked her some questions following the questions Julie had an epiphany he explained that he felt the way he felt because of what he saw on the movie The Lion King Nick came to the conclusion that people die when babies are born so he hated babies because they represented death due to Nick not fully understanding that the movie Lion King was about the circle of life not babies being born so that people could die. Following the incident Nick mother was able to better address some things that Nick didn’t quite understand, however what was remarkable was how Julie brought up her own experience as a child and how she had a tough time dealing with the death of
Do Video Games Kill Analysis
700 Words | 3 PagesSternheimer begins with introducing us to a “first person shooter” game called “Doom”(214). With this multi-billion dollar game industry rising, she points out that there are three school shooting cases that the press emphasizes the shooters being “video-game experts” (215) to the game Doom, only making the “critics’ predictions” (214) about video games come true. Sternheimer begins by explaining how video game violence has become “folk devils” (214). This term allows media and politicians to “channel the blame and fear to remedy what many believe to be a growing problem” (214). Politicians are one of the main factors in targeting video games as the leading cause of violent behavior in teens, according to Sternheimer.
Columbine Shooting Analysis
550 Words | 3 PagesIn addition, media also repetitively displays crimes to produce sensationalism and attract more audiences. In other words, fear is effective used as an instrument to manipulate the public and to achieve personal gains. However, the side effect is a violent, unstable society. Michael Moore’s Bowling for Columbine begins as an investigation of gun abuses but then expands to explore the causes of customary violence in the United States. Under his camera, Moore reveals a society destabilized and paranoid by a culture of fear and distrust, providing an insightful and unprecedented explanation of the United States’ violence and shooting
Mothers Against Drunk Driving Analysis
729 Words | 3 PagesThe victims impact panel was through, Mothers Against Drunk Driving (MADD). The instructor was demanding, stern, and wanted all eyes to focus their attention to the video, power point, lecture, and the victim’s impact stories. At first, the way the instructor was speaking, made her appear as rude and very unpleasant to listen too. However, once she played the video and started getting into detail about what MADD is, and all the statistics on drunk driving made her tone of voice understandable. For instance, the instructor explained the mission of MADD, which is to eliminate drunk driving, help fight drugged driving, support the victims of these violent crimes, and prevent underage drinking.
Police Corruption In Serial
215 Words | 1 PagesFinally, I would like to look at a podcast called Serial. The first season of Serial follows the murder of a high school senior Hae Min Lee in 1999. After searching for six weeks, her body is found buried in the local park. Her ex-boyfriend, Adnan, is arrested and charged with her murder. However, Sarah Koenig, host of Serial, believes there is something fishy about the case from the start.
Pricing Strategy Of Chipotle
1450 Words | 6 PagesIntroduction The restaurant industry in the United States had annual sales of $ 631.8 billion and employs 12.9 million people in 2012. Even in times of recession there is little evidence that this industry has seen a decline especially in its fast food and quick service segment. But with a depressed economy with no immediate upward trend in the near future, majority of the customers indicated that they would either curtail their spending on eating or best maintain its current level which is certainly going to affect the future of many restaurants in the industry. Chipotle is part of the fast casual segment of the U.S industry with over 1,600 restaurants.
Pricing Strategy: Hollister Brand
802 Words | 4 PagesHollister offers wide range of consumer shopping goods related to the Clothing line. They offer different product with different versions to Dudes and bettys include graphic and “crew and tee shirts”, polo’s, Henley’s, cardigans, shirts, pullovers, outerwear, rinse or wash slim jeans, flip-flops, shoes, perfume and boxers. Product Attributes: High Quality, Unique comfortable designs inspired by the SoCal Theme and different styles and Colorful patterns. Product Packaging Hollister is well-known for its stylish shopping bags that use young attractive models on them.
Pricing Strategy And The Pricing Strategy: Dyson
1009 Words | 5 Pages4.4 Pricing Strategy For a number of reasons, price is one of the most important aspects of an effective marketing strategy (Gerstein & Friedman, 2015). First, price is the only marketing variable that generates revenue. Second, buyers see price as an attribute of value (Tanner & Raymond, n.d.). Consequently, an organization must carefully assess its internal and external environment to choose the most effective pricing objective, which—in turn—will drive a product’s initial pricing strategy.
Price Discrimination In Hotel Industry
777 Words | 4 PagesIn short, lower prices are offered to consumers, who might not be able to afford a higher price, thus attracting more visitors and raising the profits. Let’s take a look at the graph below. Output is Y number of hotel rooms booked at price P. D1 is demanded by adults, D2 – by seniors. If suppliers charge price P1 for all the rooms, they are only targeting one segment and quantity sold will be Y1. However, by charging a different price P2 to different customers, suppliers now target two segments, so the total revenue will now be P1*Y1+P2*Y2, which is obviously a better option for suppliers than just
Marketing: Marketing Mix In The Ice Cream Industry
1497 Words | 6 Pages6.1.2 Price Price is the value or amount that customer pays to buy a product. For instance, for our Star Lab ice cream shop, we need to consider the cost of production of our ice cream, price of our main competitor and our potential customers demographics in order to succeed this competitive market. (C. Breidert, 2007, p.9) 6.1.2.1 Pricing Strategy Pricing strategy that can be used by our company such as penetration pricing, cost-plus pricing, value based pricing and more. But we think that market penetration pricing is the best pricing strategy to be used by our business.
Marketing Strategy Of Mcdonald's Pricing Strategy
1096 Words | 5 PagesPricing Strategy McDonald’s pricing strategy involves price bundling combined with psychological pricing. In price bundling, the company offers meals and other product bundles for a discount. In psychological pricing, McDonald’s uses prices that appear to be significantly more affordable, such as $__.99 instead of rounding it off to the nearest dollar.
Kfc Pricing Strategy
748 Words | 3 PagesAccording to Wisnudewobroto (2011), KFC placed their products for high price but not overly high. However, to compete with other competitors, KFC trickle down their price for only the selected items during mealtime to focus on both middle and lower class people to penetrate both sides of the market. If the product price are too low, it might lead to customer perception that the food have a poor quality, while charging for the product too high price might cause customer to switch their preferences to other competitors. KFC also will take into consideration on the probable reaction from other competitors in the pricing
More about Chuck E. Cheese's Pricing Theory
A1 Steak Sauce: Lawry's Defense
1559 Words | 7 PagesCulver's Mission Statement
669 Words | 3 PagesSerial Podcast Response
630 Words | 3 PagesPodcast Kid Logic Analysis
955 Words | 4 PagesDo Video Games Kill Analysis
700 Words | 3 PagesColumbine Shooting Analysis
550 Words | 3 PagesMothers Against Drunk Driving Analysis
729 Words | 3 PagesPolice Corruption In Serial
215 Words | 1 PagesPricing Strategy Of Chipotle
1450 Words | 6 PagesPricing Strategy: Hollister Brand
802 Words | 4 PagesPricing Strategy And The Pricing Strategy: Dyson
1009 Words | 5 PagesPrice Discrimination In Hotel Industry
777 Words | 4 PagesMarketing: Marketing Mix In The Ice Cream Industry
1497 Words | 6 PagesMarketing Strategy Of Mcdonald's Pricing Strategy
1096 Words | 5 PagesKfc Pricing Strategy
748 Words | 3 Pages