Wendy's plans to test out surge pricing in 2025

Wendy's plans to test out surge pricing in 2025

Assessment

Interactive Video

Business

University

Hard

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The video discusses the rising costs of fast food, highlighting the shift from $5 foot longs to $12 and the increase in dollar menu prices. It introduces the concept of dynamic pricing, similar to Uber, where prices vary throughout the day. Public opinions are sought, revealing mixed feelings about fast food pricing. Marketing expert Darrin Duber-Smith explains strategies like sales promotions to manage demand. Wendy's plans to test dynamic pricing and AI-enabled menu changes by 2025, though details remain sparse.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What changes in fast food pricing are mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How do consumers feel about the rising prices of fast food?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is dynamic pricing and how might it affect fast food prices?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some potential features Wendy's plans to test in 2025?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies do companies use to manage demand in fast food?

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