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by knute
1235 days ago
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I think there's a lot more that goes into where someone chooses to eat than price, otherwise Taco Bell would be putting Chipotle out of business. As explained above, I don't take it as a given that increased employee wages require increased prices. |
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It's 15% "profit" on paper, but a franchiser is typically in debt for the first 12 years of the store before they make any "net profit".
So we're talking an industry where most of the so-called "capitalists" are in debt.
This is a hyper-competitive market place, and one play only adding on %s to their products will be a hit to their competitiveness.
They dont decided prices, the market does.