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Warl0k3@lemmy.world 4 days agoIt’s a side point, but the costco hotdogs do absolutely turn a profit. $1.50 seems unreasonably low because of how much we’re used to paying for food these days, but its hotdogs and a fountain drink, the cost of ingredients is next to nothing.
Kolanaki@yiffit.net 4 days ago
It still takes way more than a $1.50 to produce the bun, dog and drink.
Warl0k3@lemmy.world 4 days ago
Sorry, you’re correct - I should have said they do not make a loss on the sales, (turn a profit is obviously a bit of a stretch) since they use their existing infrastructure to offset the operational expenses.
Kolanaki@yiffit.net 4 days ago
Yeah, and that’s exactly what a “loss leader” is defined by. They make no profit off the hotdog combo itself but the hotdog combo may be enough of an incentive for someone to come to Coscto in the first place and end up buying more shit that does make a profit.
Num10ck@lemmy.world 2 days ago
costco’s business model is to sell everything at cost and only profit from subscriptions. hence the name.
Warl0k3@lemmy.world 2 days ago
Yes, hence why I had to correct.myswlf