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/sci/ - Science & Math

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7544935 No.7544935 [Reply] [Original]

You ave a choice to put 2 products on display in your store for the coming month

Product 1 sells at $60 and has sold 100 units last month
Product 2 sells at $30 and has sold 200 units last month

which would be the superior product to put on display in your store?

>> No.7544942

idk flip a coin or something

>> No.7544943

>>7544935
Both. Because you said you can put 2 products.
/thread

>> No.7544944

>>7544935
If same quality or similar, Product 2.

>> No.7544948

>>7544944
why?
>>7544943
>>7544942
dank

>> No.7544950

>>7544935
Depends on if they are of similar size and function. Assuming profit margins are the same, if size is equal then product 2 pulls in more customers since it is a hotter selling item. If product one is less than twice as large, however, it could free up inventory space for additional profitable items, which could be beneficial. my answer is "not enough information".

>> No.7545060

Need mo info. Each product would have its own associated overhead regarding handling, storage volume, stock taking. In theory, less items sold is less time and effort spent selling them. I'm going with Product 1

>> No.7545066

As someone who used to do stocking at a retail store, product 1 please. Assuming they're similar size and weight it's half the work.

>> No.7545075

>>7545066
also: less packaging, more space on the truck for other things, and more space on the shelves for other things
The only counter I can think of is something like this
>>7544950
where product 2 brings in more customers, or some stupid trick we cant predict about the size or weight

>> No.7545824

lets assume they're exactly the same product except in terms of pricing for the sake of simplicity

>> No.7545842

>>7544935
>bump product 1 price by $1, get $100
>do the same for product 2, get $200

going with 2

>> No.7545851

>>7544935
Both for a number of psych reasons, particularly if they are roughly the same function. The illusion of choice will increase cheapskates feeling like they got a deal on a less expensive product, and people that splurge will feel their purchase superior to the cheap version.

Demand would likely increase for both (though you'd have to figure a new balance as there is overlap)

>> No.7545864

>>7544935
product 2.

it's probably a popular product that people are looking for, if people realize it's here in the store then even more will buy it.

>> No.7545866

>>7545842
>he never took economics

>> No.7545872

>>7545842
>bump sales of product 1 by 1 unit, get $60
>do the same for product 2, get $30
:^)

>> No.7546009

>>7544935

Product 1, same cash less work

>> No.7547081

>>7544935
product 2

higher number sold means moreconsistency

>> No.7547114

>>7544935
Product 1.
You better get fast liquidity.
Also, clients would make transactions by credit and that's a waste.