The cost of flying is ready for takeoff, and there are few indications that the trend will curtail any time soon as high fuel prices, pilot shortages and booming demand push ticket prices to new highs. Click here to read the story at chron.com. Discussion Questions: How did the COVID-19 Read more…
Restaurants are raising menu prices as wages grow and inflation hits ingredients and packaging. But they still want customers to feel like they’re getting a good deal. Click here to read the story at cnn.com. Discussion Questions: What is price? What factors influence price? What is the difference between fixed and variable costs? What are some Read more…
Do consumers notice when their everyday products get smaller? Often they don’t and companies are taking advantage by reducing the amount of product they sell while keeping prices the same. Click here to read the story at qz.com. Discussion Questions: What is inflation? What causes inflation? How does inflation impact Read more…
In 2020, the South by Southwest festival in Austin, Texas, was one of the first major events to be canceled because of the Covid-19 pandemic. Travel plans were upended, venues were shuttered and many businesses took a hit. Click here to read the story at nbcnews.com. Discussion Questions: What is economic impact Read more…
Inflation was higher than expected in January, as prices for consumer goods rose by 0.6% last month, according to the Labor Department. Click here to read the story at cnbc.com. Discussion Questions: What is a product? What is the difference between goods and services? What is pricing? Why is pricing Read more…
Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. Click here to read the story at cnbc.com Discussion Questions: What is inventory? Why is managing inventory a critical component to the success Read more…
Peloton is about to begin effectively charging customers more for its original Bike and Tread products, citing rising inflation and heightened supply chain costs. Click here to read the story at cnbc.com. Discussion Questions: What is pricing? Why is pricing an important component of the marketing mix? What is inflation? What Read more…
Restaurants are testing robotic solutions to help staff kitchens as one way of dealing with the labor shortage. Buffalo Wild Wings is testing a robotic solution described as “the only robotic chicken wing frying solution designed from the ground up for high volume restaurants.” Click here to read the story Read more…
Over the past couple of months, Allison, a wife and mother of a toddler and teenager in Chicago, says she’s been spending about $50 more each week on groceries to feed her family — and that’s at a discount supermarket chain, Aldi’s. Click here to read the story at nypost.com. Read more…
The Oregon-based coffee chain rang its IPO bell on the Nasdaq this Wednesday. The company, which was founded three decades ago by a couple dairy farmers with a pushcart, and whose menu includes beverages like chocolate macadamia nut espresso and nitro infused cold brew, is now trading under the ticker Read more…