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EBRD Sees Challenge to Dollar from Russia’s Trade in Yuan
EBRD Sees Challenge to Dollar from Russia’s Trade in Yuan
Russia’s rising trade in the yuan in the wake of the war in Ukraine and western sanctions may
2023-09-27 13:55
AMLO Seizes Rail Line From Billionaire Poised to Buy Banamex
AMLO Seizes Rail Line From Billionaire Poised to Buy Banamex
Mexican President Andres Manuel Lopez Obrador seized part of a rail line owned by billionaire German Larrea’s Grupo
2023-05-20 04:27
IMF Lifts China Growth Forecasts Through 2024 on Stimulus
IMF Lifts China Growth Forecasts Through 2024 on Stimulus
The International Monetary Fund upgraded its projections for China’s annual economic growth this year and next as the
2023-11-07 19:18
The Big China Play That Fueled Luxury Stocks Is Now Fizzling Out
The Big China Play That Fueled Luxury Stocks Is Now Fizzling Out
A Big Tech-like rush into luxury stocks is fast falling out of favor. China got the credit for
2023-06-04 15:50
Terran Orbital Schedules Town Hall Meeting on October 26th at 3:00pm ET/12:00pm PT
Terran Orbital Schedules Town Hall Meeting on October 26th at 3:00pm ET/12:00pm PT
BOCA RATON, Fla.--(BUSINESS WIRE)--Oct 23, 2023--
2023-10-24 08:27
Analysis-Egypt faces external debt reckoning after borrowing spree
Analysis-Egypt faces external debt reckoning after borrowing spree
By Patrick Werr CAIRO Egypt faces an increasingly tough task raising cash for foreign debt repayments after external
2023-06-06 14:18
Why the Supreme Court tiptoeing past a key social media shield helps Big Tech
Why the Supreme Court tiptoeing past a key social media shield helps Big Tech
Google, Twitter, Facebook and other tech companies fueled by social media have dodged a legal threat that could have blown a huge hole in their business models
2023-05-19 03:26
Naver Wins Saudi Deal to Build Digital Replicas of Mecca, Riyadh
Naver Wins Saudi Deal to Build Digital Replicas of Mecca, Riyadh
South Korean internet leader Naver Corp. won a contract to build and operate a cloud platform for Saudi
2023-10-24 11:21
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
These tips can help Gen Z can avoid online financial scams
These tips can help Gen Z can avoid online financial scams
By Chris Taylor When you think of those most likely to get scammed online, what kind of person comes to
2023-10-10 18:29
Snowflake sees product revenue above estimates on AI-driven demand
Snowflake sees product revenue above estimates on AI-driven demand
(Reuters) -Snowflake forecast quarterly product revenue above estimates on Wednesday, as increasing adoption of artificial intelligence boosted demand for its
2023-11-30 07:22
Auditors say French govt must rein in decried consultancies
Auditors say French govt must rein in decried consultancies
France's government must further rein in sometimes "inappropriate" hiring of consultancies, the country's Court of Auditors said Monday, responding to public outcry over an issue that hobbled President...
2023-07-10 17:52