This article is nearly five years old, but I still found it to be interesting, and relevant to today. As THAT DUDE, Thomas Sowelll said, Many, if not most, of the economic policies advocated by politicians today would never pass muster if the average voter understood as much economics as an economist like Alfred Marshall understood 100 years ago or David Ricardo 200 years ago. I highly recommend that you pick up his Basic Economics book. It will make you a better American. ~ Unhyphenated America nydailynews/news/money/burger-king-takes-cue-mcdonald-cuts-slice-cheese-1-dk-dollar-double-cheeseburger-article-1.195637 A spokesman for the association, which represents Burger King franchisees, was not immediately available for comment on the new double cheeseburger pricing. Burger King franchisees, including some in high-rent markets like New York City, also have clashed with the company over its $1 menu, saying that it has hurt their profits. Fast-food companies use low-priced food like $1 burgers to lure diners into restaurants, but if those items are priced below cost, franchisees can suffer. Thats because franchisees pay royalties to the parent company based on overall sales. While $1 menu items can boost traffic and boost sales, restaurant operators can lose money if too many of those sales come from money-losing items. A Burger King spokeswoman said the company also plans to test higher prices for its $1 Whopper Jr.
Posted on: Fri, 02 Jan 2015 17:31:53 +0000
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