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#Consumer Surplus😇
Printer ink costs more per gallon than a small home, vintage champagne, and in many cases crude oil, making it one of the most disproportionately priced consumer products ever sold. The business model is called the razor and blades strategy, where the printer itself is sold at a low price or even at a loss to lock the customer into a recurring purchase of proprietary cartridges. Each cartridge contains a microchip that communicates with the printer to reject third party ink, eliminating competition and keeping prices high. The actual cost to manufacture printer ink is a fraction of the retail price, with the markup existing almost entirely because the system is designed to give customers no alternative. #science #money #tech #consumer #engineering
Bonne Maman is such a unique brand. They zig when others zag and prioritize brand recognition over publicity or marketing stunts. Legendary brand equity. Follow for more billion dollar brand stories 🚀 #consumer #branding #brand #bonnemaman #jam
Printer ink costs more per gallon than a small home, vintage champagne, and in many cases crude oil, making it one of the most disproportionately priced consumer products ever sold. The business model is called the razor and blades strategy, where the printer itself is sold at a low price or even at a loss to lock the customer into a recurring purchase of proprietary cartridges. Each cartridge contains a microchip that communicates with the printer to reject third party ink, eliminating competition and keeping prices high. The actual cost to manufacture printer ink is a fraction of the retail price, with the markup existing almost entirely because the system is designed to give customers no alternative. #science #money #tech #consumer #engineering
Shan Mohmmed v. Apple India (Case No. 122/2023) The South Delhi District Consumer Disputes Redressal Commission recently ordered Apple India to pay ₹1 lakh compensation to a consumer whose stolen iPhone 13 could not be tracked using the “Find My” feature, despite a message claiming it was “findable after power off.” This ruling highlights Apple’s failure to clearly disclose prerequisites for the feature. The bench (President Monika A Srivastava and Member Kiran Kaushal) found Apple guilty of service deficiency for not prompting users to enable “Find My” or attaching visible disclaimers/asterisks to the message. They stated: “The user would take the statement (‘iPhone findable after power off’) to be true and a complete statement as there is no pre-condition attached to it.” No refund was granted, but ₹1 lakh compensation was awarded. . . . . . . #iphone #iphoneglitch #consumer #consumercourt #virallegal
There are five days left for Californians to cash in on $600 million worth of inflation relief money before it expires on April 30. Viewers have been flooding our 7 On Your Side inbox with pleas for help to get the cash off their Middle Class Tax Refund debit cards (MCTR) or find out why they never got one. If you need help, click the link in our bio.
Do you know how much the fees were on your last food delivery order? Wondering how much it added on top of the food price? The Federal Trade Commission wants to know — and so do we. Let us know in the comments what app was used, what fees were added on, and if you were made aware there would be fees before the order was placed. #nbc4ny #consumer
If 2026 is the year you plan to buy a car or trade in your ride, your timing couldn’t be more perfect, according to experts — at least when it comes to electric vehicles. 🚗⚡️⁠ ⁠ #cars #consumer #nbc7responds
2026 economic growth or slowdown? Consumer confidence strengthening or weakening? Brian Jacobsen goes rapid-fire in a game of “This or That.” #recession #economy #consumer
You and your neighbor could be paying different prices for the exact same thing. Not because of demand — but because of your data. Some companies use your online behavior to estimate what you’re willing to pay… and price accordingly. Fair strategy or something that should be banned? #Tech #DataPrivacy #Consumer #AI #Shops
Spirit Airlines abruptly shut down over the weekend, stranding passengers at the nation’s largest airports. Here’s how you can supposedly get a refund! And what it means for all travelers when it comes to price hikes. #fyp #consumer #travel #spirit
Kewpie mayo could’ve dominated in North America like it did Japan. What do you think about Kewpie? #consumer #branding #brand #mayonnaise #kewpie
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