Your Investment & Business Network Has Everything You Need to Stay Informed and Make Informed Decisions.
⎯ 《 Yibn • Com 》
Japan Renews Chip Plan, Confirms Sales Goal of $108 Billion
Japan Renews Chip Plan, Confirms Sales Goal of $108 Billion
The Japanese government revamped its chip strategy with a goal of tripling sales of domestically produced semiconductors to
2023-06-06 14:49
IMF cuts Saudi Arabia's growth forecast to 0.8% for 2023
IMF cuts Saudi Arabia's growth forecast to 0.8% for 2023
DUBAI The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2023 to 0.8%
2023-10-10 18:54
Manage your business for life with this $49.99 app
Manage your business for life with this $49.99 app
TL;DR: As of September 17, get the Zerrio Ultimate All-In-One Business Management Toolkit (Lifetime Subscription)
2023-09-17 17:18
10 sneaky tricks restaurants use to get customers to buy more
10 sneaky tricks restaurants use to get customers to buy more
The restaurant industry is ever-evolving and continuously bringing in new changes to menus to suit its demographic. Certain tricks in their menus allow restaurants to subtly nudge customers into enjoying a fuller dining experience, consequently increasing their spending. Sign up for our free Indy100 weekly newsletter To help diners avoid falling for these tricks, an expert at Menu Price lifted the lid on the sneaky tricks that encourage people to spend and consume more: Value menus Restaurants introduce value menus with meals of different price points. The restaurant hopes that it will motivate customers to opt for the priciest range of the value menu, which has more options, or to bypass the value menu entirely due to its limited options. This strategy ultimately translates into increased profitability. "If a restaurant's value menu features items like burgers, pizza, and spaghetti, but your preference leans towards a steak, you'll find yourself ordering the steak at its regular cost, bypassing the value menu. This scenario directly contributes to a higher profit for the restaurant," says a Menu Price expert. Emphasis on certain menu items Restaurants strategically highlight specific dishes, often those with higher profit margins, drawing customer attention to these preferred items through menu placement and design cues. The use of colour Warm hues like red and yellow can trigger hunger, while cooler shades like blue make meals seem more refreshing. Strategically deploying these colours in their menus helps restaurants subtly sway customer choices. Photographs used sparingly To maintain a sophisticated aesthetic, restaurants use photographs sparingly, only emphasising selected dishes, making them more appealing to the eye and tastebuds alike. Descriptive language Vivid descriptions of dishes can create a compelling image in customers' minds, making the menu items more appealing and increasing the likelihood of ordering. Avoiding currency symbols Menus without currency symbols can encourage higher spending, as prices appear less intimidating. "Keep a close eye on prices, even when restaurants fail to integrate dollar signs. This can help you avoid paying more than you want for a meal," the expert said. Anchor items Restaurants place some of their most expensive items next to even more costly options. The Menu Price expert added: "When customers see a pricey dish positioned next to an even more expensive option, they are more likely to perceive the less costly of the two as a 'better deal." Use of boxes Boxes and borders draw attention to specific items, creating a visual 'stage' that makes these dishes stand out. "This technique is often applied to high-profit items, specials, or unique offerings," they said. Keeping portion sizes secret Restaurants offer full or half salads or sandwiches without revealing the portion sizes. Despite any clear explanation, consumers assume that half sizes are overpriced and the full size is more cost-effective. "Customers perceive they are getting a better deal without even knowing the real serving size of the food options." Difficult-to-read font Using complex fonts in menus can slow customers' reading, promoting more profound engagement with dish descriptions. This added interaction can enhance dishes' perceived worth and exclusivity, thereby subtly inspiring a readiness to spend more. Remain vigilant during your next dining experience and see how many of these subtle tricks you can spot and how much money you can save on your meal. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-06-04 14:19
Colby College Opens One of New England’s Most Innovative Performing Arts Centers
Colby College Opens One of New England’s Most Innovative Performing Arts Centers
WATERVILLE, Maine--(BUSINESS WIRE)--Oct 19, 2023--
2023-10-20 01:58
Blinken Says He’s Bringing Israel Message That US Has Its Back
Blinken Says He’s Bringing Israel Message That US Has Its Back
Secretary of State Antony Blinken said he’s bringing a message that “the United States has Israel’s back” as
2023-10-12 10:47
These Prime-Day-Only Headphones Deals Are Totally Worth It
These Prime-Day-Only Headphones Deals Are Totally Worth It
Are you looking for an aesthetically pleasing pair of headphones that aren’t just pretty to look at, but are also good good on the audio front? The ones that hit on all our marks — from looks and comfort to sound quality and noise cancellation? It can be rare to find a pair that checks all the boxes without being pricey. But, for two days, you can nab the oh-so-worth-it luxury buy on super sale for Amazon’s Prime Day. Whether it’s your first time investing in some pro-level over-ear headphones or you’ve already got a collection going, shop top brands like Sony, Apple, JBL, and more for up to 44% off. Keep on scrolling to add your favorite from our recommendations to cart while the deals last (reminder, it’s a 48-hour-only event).
2023-07-12 05:30
Costa Rica’s President Declares an End to Decades of Reckless Debt and Deficits
Costa Rica’s President Declares an End to Decades of Reckless Debt and Deficits
Costa Rica’s days of living beyond its means and running up reckless amounts of debt are over, said
2023-05-10 22:30
Tiger Seeks to Sell Private-Company Stakes Into Secondary Market
Tiger Seeks to Sell Private-Company Stakes Into Secondary Market
Tiger Global Management is seeking to offload hundreds of millions of dollars worth of private companies into the
2023-05-14 23:15
Coty Expands Global Parental Leave Policy in FY23 Sustainability Report
Coty Expands Global Parental Leave Policy in FY23 Sustainability Report
NEW YORK--(BUSINESS WIRE)--Nov 28, 2023--
2023-11-28 15:28
China's economy grew 6.3% in the second quarter, lower than expected as momentum slows
China's economy grew 6.3% in the second quarter, lower than expected as momentum slows
China’s economy grew 6.3% in the second quarter after near-stagnant growth a year earlier
2023-07-17 10:16
Nissan Motor Acceptance Company Announces U.S. Leadership Change
Nissan Motor Acceptance Company Announces U.S. Leadership Change
NASHVILLE, Tenn.--(BUSINESS WIRE)--Jun 23, 2023--
2023-06-23 23:59