tag:blogger.com,1999:blog-746324505322049940.post1677178029943520206..comments2024-03-22T07:58:59.646-06:00Comments on Pewaukee Economics & Finance : Holiday FlavorsMrs. Straubhttp://www.blogger.com/profile/14927083996757427841noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-746324505322049940.post-60904523251961961742018-01-16T10:12:17.244-06:002018-01-16T10:12:17.244-06:00I have seen first hand what kind of effect a seaso...I have seen first hand what kind of effect a seasonal product can have on sales and Subway does something similar with their products by having limited edition subs. I think that its a great move because if the product is offered year round there is 2 potential problems. 1 is that the product wont match the season like having a Shamrock Shake in the middle of summer and 2 if that is a product someone gets all the time and it is the only thing that they buy from the menu it prevents them from getting sick of the product because before they know it the drink will be gone. Taste has an effect as well but I think that having seasonal products everyone loves is a great idea to keep consumers coming back year after year. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-29170157352803848012017-12-22T07:46:50.941-06:002017-12-22T07:46:50.941-06:00The scarcity of these products definitely gives ri...The scarcity of these products definitely gives rise to the high demand. Demand rises not only because of the limited supply, but also because of the expectations surrounding the drinks. Many consumers expect the drink during a certain time of year (whether it be fall or winter) which makes them more likely to consume more. This "limited quantity" strategy works well for Starbucks, considering how many new "limited" drinks they are introducing (consider the "Unicorn Frappuccino" sold in April). By making special limited drinks, Starbucks can increase their revenue not just during fall and winter, but year round.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-15773101176289835212017-12-21T13:03:37.737-06:002017-12-21T13:03:37.737-06:00This is a good example of how a limited quantity c...This is a good example of how a limited quantity can give consumers a sense of urgency, thereby raising demand. I think more businesses have been increasing their use of "limited quantity" products recently in order to gain revenue and decrease the number of unsold products. The clothing brand Supreme is another example; similar to Starbucks' holiday drinks, their prices are high, but they sell out quickly due to the limited amount. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-43425144228035707062017-12-21T12:57:25.372-06:002017-12-21T12:57:25.372-06:00I agree with you on the fact that selling seasonal...I agree with you on the fact that selling seasonal drinks will increase revenue, because the supply will be available for a limited time. But, I don't understand why you would bring in the issues people have with the holiday cups, as it most likely won't change much at all in terms of sales.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-75434904737576701442017-12-18T09:57:57.511-06:002017-12-18T09:57:57.511-06:00I agree with this because more people in this soci...I agree with this because more people in this society want materialistic things. If a new iPhone comes out and someone gets it you get jealous in a way same way with Starbucks. Starbucks is heavily over priced coffee but it's popular so everyone wants what everyone else has. Though changing the cups due to seasons, Starbucks has got a lot of argument against them for Christmas Themed drinks because "not everyone celebrates Christmas". I am one of those people who waits all year for the pumpkin spice latte because it is one of my favorites. Even though some customers hate that you have to wait a whole year for it, they will still wait even if other places cell the same product, just because it is Starbucks. But it is a good sales move because when those drinks come around people buy them like crazy to get their bang for their buck while it's in season.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-5691796335263379002017-12-15T13:31:29.213-06:002017-12-15T13:31:29.213-06:00I believe it was a very good argument and I can un...I believe it was a very good argument and I can understand how selling seasonal goods increases revenue of the businesses. But, another thought to think about is, would these seasonal goods be considered inelastic or elastic? If these products are in such high demand, companies could continue to raise their prices to see the elasticity of these goods. Also, another thing to think about is would elasticity depend upon the type of product or the company that is selling these products. Overall, great job and good use of visuals! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-13346837124952213362017-12-14T10:09:09.953-06:002017-12-14T10:09:09.953-06:00I agree that having holiday products increases the...I agree that having holiday products increases the amount of revenue these companies make. Since these products are only available for a limited time, the demand for them increases, which allows for the revenue to increase as well. Anonymousnoreply@blogger.com