The Pricing Conundrum

The Pricing Conundrum

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The Pricing Conundrum
The Pricing Conundrum
How a Product’s Distinctiveness Entices Consumers to Buy
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How a Product’s Distinctiveness Entices Consumers to Buy

Sellers can influence which item customers choose and how much they pay.

Utpal Dholakia's avatar
Utpal Dholakia
Dec 03, 2022
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The Pricing Conundrum
The Pricing Conundrum
How a Product’s Distinctiveness Entices Consumers to Buy
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“I must be myself…I will not hide my tastes or aversions. I will so trust that what is deep is holy, that I will do strongly before the sun and moon whatever in[ward]ly rejoices me, and the heart appoints.” – Ralph Waldo Emerson, Self-Reliance

Consider this interesting conundrum faced by a restaurant owner with her menu. This restaurant is an established…

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