Collectables: Beanie Babies

The video discusses the marketing strategy behind Beanie Babies, focusing on how the company limited supply to increase demand. It explains the economic principle of supply and demand and how it was applied to Beanie Babies. While most Beanie Babies are not valuable, some rare editions or those with errors can be worth more. The Princess Bear, associated with Princess Diana, is highlighted as particularly valuable. Additionally, the emotional value of Beanie Babies is explored, with personal stories of family collections being passed down through generations.

What strategy did the company use to make Beanie Babies more desirable?

• They limited the supply.

• They offered discounts.

• They increased the supply.

• They gave them away for free.

Why did some people start collecting Beanie Babies?

• They were part of a school project.

• They were given as gifts.

• They wanted to donate them.

• They were hoping they would become valuable.

What makes certain Beanie Babies more valuable than others?

• Their color

• Their age

• Limited editions or unique errors

• Their size

Which Beanie Baby was released in memory of Princess Diana?

• The Duchess Bear

• The Royal Bear

• The Princess Bear

• The Queen Bear

What is one reason Beanie Babies hold emotional value for some people?

• They are featured in movies.

• They are passed down as family treasures.

• They are used in schools.

• They are made of gold.