Professional Haloo Vending Machine Manufacturer & Supplier.
Do you know the industry advantages of automatic unmanned vending machines? Cost does not directly determine the market price. In real life, the automatic vending machines we see are more expensive than the drinks in the supermarket, and the high-priced goods are often higher The price is sold. It is formed by competition. If someone sets a low cost at a high price, someone will inevitably imitate it. Intensified competition will eventually push up the cost or lower the price. One case, or both. When this mechanism encounters resistance, we can observe the deviation between the cost and the selling price. For example, the pricing of certain state-owned monopolies may be higher than the running cost of a roadside store or supermarket for a vending machine, but this is not the reason for its higher price. It is usually placed in some special places. . In these places, or the price elasticity of consumers will be relatively low, such as amusement parks, or there are no other competitors around, even if there is a business model that sells at higher prices, such as convenience stores. The same is Coke, supermarkets sell Coke, Vending machines selling Coke are essentially different. The difference in time and space makes vending machines unable to buy Coke in supermarkets facing customer groups. This makes supermarkets and vending machines even when they sell the same goods, their monopoly power, demand price elasticity are completely different, and then different profit-maximizing price levels. Correspondingly, others with strong monopoly power Enterprises or consumers with lower price elasticity may also raise prices to a higher level. For example, selling Coke in an amusement park may be more expensive than selling vending machines. Previous post: Briefly on the profit income of unmanned vending machines