Question

*Many companies have been downsizing their products. They reduce the dimensions of their packaging so the items look the same but hold a smaller amount of the given product. The price remains the same but there is less product in the package. Why do you think they are doing this? And, do you think it is a fair practice?
Explain with 3 sentences!
MEDAL AND FAN GIVEN FOR CORRECT ANSWER!

Answer 1

whoa. whacha doing again?

Answer 2

any ideas?

Answer 3

Let's say that you buy a bottle of your favorite soda pop. Yesterday, you bought a bottle that was filled to the top, and it cost you $1. Today, you buy the same sized bottle and it costs you $1, BUT you open the bottle and see that it's only half full. Would you feel like this is fair to you, or would you feel like you had been tricked?

Now, lets say that you OWN the soda pop factory. It costs money to make soda pop, and it also costs money to have people work in your factory. If you can sell less of your product for the same price, do you think you might make more money? I hope this helps!

Answer 4

No I am totally lost I just need someone to explain this in 3 sentences

Answer 5

This is a key sentence in the question above.
"The price remains the same but there is less product in the package."

Answer 6

Just summarize what I said.

Answer 7

well, you need to have some ideas to work with. otherwise its just someone telling you what to write

Answer 8

Okay thanks all of you for the help. :)

Answer 9

Let's think through this. Then you can write your own sentences.

Answer 10

money is a dynamic entity, and as such, prices fluctuate and their needs to be a balance between what it costs to supply and what a consumer is willing to pay

Answer 11

When this happens:
"The price remains the same but there is less product in the package."
What happens to the price of the product per unit weight or volume? For example, did the price per ounce or per pound go up or down?