In response to Colton 4-17-11

There are certain situations where prices are acceptable no matter what the cost comparison could be. On a recent blog response about quick shopping at smaller store chains like gas stations and other 24 hr stores where prices are usually more money we can argue that it is more convenient. A situation where popcorn can be sold in a package of 6 or more in a grocery store at a low price but at a movie theater the prices are jacked up. This is a situation of whether or not to accept the price increase for the food or neglect it as a waste of cash.

Are situations like this something you think is acceptable or just a waste of money? Will this change the outcome of the event, make it better or worse, for your experience?


Response: In this situation I think it is just a waste of money. I can buy 6 bags at the grocery store for $3, but at the movies have to pay $6 for 1 bag of popcorn.  I could be getting 12 bags from the grocery store for the price of one bag from the movies.  The prices do actually make the experience of going to the movies a lot less enjoyable because I want the popcorn but am strapped for cash because I am a college student that has to pay for EVERYTHING!

Location of Business

One big factor in deciding where a business should be located in a community is their target market.  A hunting store probably would not decide on building a store in the Hampton's  on Long Island, NY because there are no places nearby to go hunting and the population there are generally very wealthy have never gone hunting or even had it cross their mind.  They would probably get much more business if they opened up in Keene, NH rather than in Long Island because there are much more hunters in this area and a lot more places to go hunting.

Are there are businesses you can think of that you believe should really not be in that location because there is not much of a target market for them where they are?