The first day of opening went very smoothly!
In the end, there is only gain and no loss. Because of the power of words, the gangsters who came to collect protection fees today automatically became the umbrella of protection.
The sales volume is also amazing, 90% of all the goods prepared today have been sold.
Although the sales are very good, it is impossible to sell all of them. The meat has long been gone, and there are still some fruits and vegetables, as well as some buns.
Before seven o'clock, there were already a lot of people queuing up. Everyone was thinking about the discounted items and wanted to see if they were real.
"Ah, Lao Wang, what's wrong with you? You're lining up so early. The discount at 7 o'clock is only 10%, and the discount at 7:30 is 20%. Why don't you just wait until 11:30? It's free then."
An old lady looked at her neighbor next door and said unhappily.
"Then why did you come to queue up so early?" The aunt's neighbor, Uncle Wang, rolled his eyes at her, thinking that everyone else was stupid!
Sun Shaofen, Aunt Huang and the others seemed to understand a little bit.
Without Zhao Zitong's explanation, Sun Shaofen had already started thinking. After thinking for a while, she blurted out, "Yes, why don't you just come over at 11 o'clock?"
"Because no one wants to be the one who fails in the end." Zhao Zitong chuckled.
Why can't people wait until 11:30 to get the meat for free
If all buyers wait until 11:30, they can get the meat for free, which is the biggest benefit for buyers.
But the monks are given too much porridge and too little food.
There is little meat and many people, so not everyone has the chance to get free meat. So some people will come at 11 o'clock, because getting meat at a 10% discount is better than not getting any free meat.
So everyone came early at 11 o'clock to buy meat.
Again, there is little meat and many people, so some people may not be able to buy meat at 10% off, so they decide to come at 10:30, and so on, until everyone decides to come at 7 o'clock to buy meat.
"Why is it so slow?" The people in the queue at the back started to get angry and shouted at the people in the front.
Although the elderly have plenty of time, they are still annoyed when waiting in line.
Wouldn't it be better if everyone could unite and nearby buyers formed an alliance, came to get the free meat at 11:30 every night, and distributed it equally to everyone
But when I looked at the person cutting in line in front of me, I immediately realized where the difficulty lay.
Because most people are selfish, aren't they
You can not come, but I can't not come.
Also, why is the team moving so slowly? What are the people in the front doing
A customer at the end of the line glanced at the middle-aged woman moving slowly in the store and suddenly realized what time is money.
The longer you delay, the lower the price will be, so customers who enter the store half an hour or ten minutes before the hour are not in a hurry to check out, and delaying can result in another 10% discount.
Under the urging of the store clerk and the shouts of the customers in the queue, the customers in the store slowly checked out.
If everyone's waiting costs are different, then customers with high time costs will come to buy before the 20% discount, while customers with low time costs will queue up to buy after the 20% discount.
Indeed, in high-end communities like Taikoo Shing, you will find that most of the people queuing up are retired uncles and aunts.
By 8:30, everything was sold out. After closing the shop, a group of people came to the tea restaurant to eat.
Zhuo Zhenfeng looked at Zhao Zitong's satisfied expression, and his heart, which was disturbed by the word "sister-in-law", was instantly calmed down by her smile.
Thinking of her hard work during this period, I felt heartbroken and suddenly felt that I was really too petty.
"Why should the discount be reduced by another 10% every half hour, instead of every hour or every ten minutes?"
Yu Wenyin asked a question that everyone wanted to know.
"This is actually a question of the optimal price reduction speed." Seeing that everyone had worked hard, after the event was over, Zhao Zitong invited a large group of people over for a midnight snack.
“Generally speaking, the slower the price drops in a Dutch auction, the higher the price that will be achieved.”
"So sellers have an incentive to hold off on lowering their prices, but holding off on lowering their prices will lengthen the auction."
"If the auction lasts longer, the cost of the auction will be higher. In addition, if the bidders have high time costs, a long auction may attract fewer participants, which is not conducive to high prices."
When this was said, everyone reacted differently.
Yu Wenyin was somewhat shocked.
Dutch auction
How could this little girl, who is uneducated and always ranks last in the class, know this
Yu Wenyin also looked at Zhao Zitong with new eyes today, but she couldn't say what she felt in her heart.
Of course I am happy for my good friend who is so supportive, but at the same time, what is the meaning of this other indescribable emotion
It’s terrifying when you think about it.
envious
envy
Not convinced
Yu Wenyin didn't dare to admit it, nor did she dare to delve too deeply into it.
Zhuo Zhenfeng feels that his girlfriend is a treasure girl who can bring him endless surprises every day.
Isn’t it said that your grades are often ranked last
I'm afraid she said that on purpose, so that I can slowly discover her good qualities.
No matter what, he now likes to play this treasure hunting game.
The rest of the people were just listening to a mystery. Ma Dandan, one of the representatives of poor students, immediately protested: "We are all poor students for thousands of years, what mystery are you talking about with me?"
Recently, her sense of crisis has increased.
Because many times, she found that when Zhao Zitong and Yu Wenyin were discussing things, she could not keep up with their thinking.
Just like now.
Zhao Zitong was speaking words that no one could understand, but Yu Wenyin acted like she understood everything.
You can’t play like this!
No matter how bad she was in the past, at least she always had Zhao Zitong to take the blame for her.
Suddenly one day, I realized that, not to mention being a scapegoat, I had already fallen to the bottom and was no longer on the same level as the two of them.
You can't blame her for this; they were just flying too fast.
"What do you mean? You are all educated people, don't bully us rough guys."
Li Guoqiang was particularly happy today. First, he was glad that he followed the right boss and invested in the right shares. Second, he felt so satisfied and happy when he saw all the goods being sold out.
Aunt Huang was also confused. She knew Zhao Zitong's educational level very well. He only graduated from high school, and I heard that he often ranked last in the class.
How come they are so cultured even though they just graduated from high school? They unleashed a series of punches that left even this martial arts family confused.
"We could certainly choose to reduce prices more slowly, such as by 10% every hour, which would extend the business hours and pay our staff more, but overall sales would also be affected as fewer customers would go out to buy meat later in the day."
Zhao Zitong explained patiently:
"If we choose a faster price reduction speed, we can reduce store operating costs, but the price will be too low and the overall revenue may decrease. Faced with this trade-off, we chose to reduce the price by 10% within half an hour based on our actual operating experience."