this post was submitted on 23 Nov 2023
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Memes

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Black Friday (files.mastodon.online)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
 

alt text

three rows with a barbecue on the left and William Wallace in Braveheart on the right.

In the first row, captioned Wednesday, the barbecue is labelled "$899.99" and Wallace says "hold".

The second row, captioned Thursday, depicts the same.

In the third row, captioned Black Friday, the there is a label with ~~$1099.99~~ struck through with "$899.99" written underneath, and Wallace charges.

edit: grammar

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[–] [email protected] 21 points 1 year ago (3 children)

That's why I live in the EU, and they have to include the lowest price in the last 30 days with the "discount" price.

[–] [email protected] 26 points 1 year ago (2 children)

That's a strange reason to live in the EU.

[–] [email protected] 18 points 1 year ago

There's many, many good reasons to live in the EU, fam.

[–] [email protected] 12 points 1 year ago

Yeah, I'd rather live there for the healthcare, education and public infrastructure.

[–] [email protected] 5 points 1 year ago (2 children)

I'm in the EU and have never heard of this

[–] [email protected] 5 points 1 year ago (1 children)

It's a relatively new (became applicable in 2022) thing called price indication directive. The TLDR is what the other guy said, the only addition is that member states can set different rules for certain goods.

[–] [email protected] 3 points 1 year ago (1 children)

Wouldn't a loophole be to relist something to include some extra trinket with the main product (e.g. lens cleaner with a camera) and argue the “new” listing is something completely different than before?

[–] [email protected] 5 points 1 year ago (1 children)

Or raise the price 31 days prior, and "drastically discount" it after. It seems like a cool policy in theory, but it also sounds like it doesn't really have any teeth. Like a "political theater" kind of law. But who's to say, maybe it could be someone's poli-sci thesis some day.

Or I'm just dumb and don't understand something fundamental about it; I also except that

[–] [email protected] 2 points 1 year ago

It seems like a difficult thing to regulate. I hope that this can be a starting point that will be potentially expanded later as needed, but we'll see.

[–] [email protected] 2 points 1 year ago

Yes, have worked in the field, can confirm.

[–] [email protected] 4 points 1 year ago (1 children)

So if you raise the price 31 days prior, and then put the discount on, you should still be good to squeeze more profit!

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

You would not gain a profit for 30 days with such high prices.

[–] [email protected] 2 points 1 year ago

Maybe the 30 day decrease in profit would be worth the additional units sold later (possibly at a slightly elevated price), due to the marketing of a perceived "deal".

I guess there's a lot of variables that could come into play (type of product, inventory, how many units need to sell over a time period to break even, etc), but it doesn't seem implausible, so much as it does dependent. But idk, I still can't figure out how the fuck magnets work, let alone accounting