Case summary:
Hamburger is one of the favorite food for the people in Country U. It is found that the spending of the consumer is more than $100 billion on beef sandwiches for a year. Though, the people have more craze for the burgers there are also dissatisfaction among the consumers due to the low value and quality.
Restaurant S have been started in City D a few years ago, and it had a fast expansion throughout the nation. The Restaurant was started during the economic downturn. The consumers were ready to pay a higher amount than their average lunch check.
Characters in the case:
- Country U
- City D
- Restaurant S
To discuss: The three main pricing strategies with regards to Restaurant S and the core strategic pricing of the Restaurant.
A pricing strategy considers portions, capacity to pay, economic situations, contender activities, trade margins and contribution costs, among others.
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