Wednesday, November 25, 2009

Grocery Shrink Ray

I was reading The Venture (a blog on The Age website) today about the Grocery Shrink Ray - when companies reduce their product size, but maintain their retail price. While this saves the manufacturer having to increase their prices, it can create a significant consumer backlash.

Along with highlighting some (Australian) cases in which this has occurred, he also offers a list of ten pricing mistakes for small business start ups to avoid.

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