Put the cost of things into terms of hours you would need to work to cover its cost. On an individual basis, you know very well how to gauge an hour of your working time, and inflationary effects will become apparent when there is something you used to buy routinely and suddenly find you have to work two or three hours to cover its cost.
4; microecon. Often when asked to solve cost minimization problems with supplied info, it states the problem can’t be solved, and that there might be a problem with the questions.
There are some limitations. I’ve asked some questions relating to my courses and it doesn’t always get it right.
It did! A lot of it was quite marginal, but on the whole it was all orchestrated nicely and worked pretty seamlessly.
I used to run a small business, and we did a great number of things (relative to our business size and industry) in order to facilitate sales. Every touch point was designed to minimize the friction between the guest and them spending money. Both subtle things and obvious things.
The marketing started as soon as one visited the website (tracking pixels and FB for re-marketing ads) or called for info (we would try to capture at least name and email for additional marketing—always with explicit permission: “May we have your email address so we can send you additional periodic information?”). We had phone call flows and maximum hold times (3 mins).
We retained detailed guest notes and information which we would use to tailor their following visits (manually; any kind of automation was beyond our technical ability at the time).
I’d have to spend some time thinking of all the other ways we did things. Most of which we implemented in a Disney Magic sort of way, in the sense that things are just sort of magically happening without the guest being concerned about it.
You jest, but this is the idea behind Dyson Spheres.
It’s a common trope, in the US at least. The gift can be different in different countries. In the Philippines other local-made snacks might be brought for teachers.