It's a clever term in the world of consumer packaging - shrinkflation. The term refers to downsizing a product while keeping its price the same. When companies are struggling to maintain profits, there are three basic responses: raise the price directly, take a little bit out of the product, or reformulate the product with cheaper … Continue reading Have you Been Affected by Shrinkflation?
Good News! There Will Be No Price Increase at Borden’s Blather
The Labor Department said the consumer-price index—which measures what consumers pay for goods and services—increased in October by 6.2% from a year ago. That was the fastest 12-month pace since 1990 and the fifth straight month of inflation above 5%. Price increases were broad-based, with higher costs for new and used autos, gasoline and other … Continue reading Good News! There Will Be No Price Increase at Borden’s Blather
Compound Interest – the Eighth Wonder of the World*
Remember that time is money. – Ben Franklin, Advice to a Young Tradesman, 1748 To prove what Franklin meant about the time value of money, let’s use an example, one that pays homage to Franklin. Another famous saying of Franklin’s is “A penny saved is a penny got.” Imagine someone took Franklin’s advice, and took a penny … Continue reading Compound Interest – the Eighth Wonder of the World*