The hot dog being $1.50 is still good considering that they could probably double the price, which would triple or quadruple their profit on it and people would still happily buy.
Of course, it’s not because of altruism that they do it. They do it because people use the hot dog as a symbol of the good value for money that Costco supposedly provides.
The hot dog being $1.50 is still good considering that they could probably double the price, which would triple or quadruple their profit on it and people would still happily buy.
Of course, it’s not because of altruism that they do it. They do it because people use the hot dog as a symbol of the good value for money that Costco supposedly provides.