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PaperclipPerfector  9mo ago (text post)   3314 thread views

Friday Fun Thread for March 22, 2024

Be advised: this thread is not for serious in-depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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There’s a concept called “profit” and we look at profit when determining whether things are overpriced, not just gross expenditures

many companies that could've succeeded fail due to bad leadership

This has always happened. Even very highly paid corporate CEOs screw up companies.

(warning: citing graphs without understanding deeply where the numbers come from, but all that matters for this argument is the order of magnitude)

McDonalds's profit margin, averaged over the past decade, is like 24%. They'd, you know, rather it be 100%, but competition doesn't let them do that.

Mcdonalds is actually a high outlier in that regard because of the value of the brand, other fast food companies are lower etc. Again, this is competition manifesting, people are willing to pay more for a mcdonalds burger than a generic burger.

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