5 Questions
What is shrinkflation?
When companies reduce the size or quantity of a product while keeping the price the same.
How is skimpflation different from shrinkflation?
Shrinkflation involves reducing the quality of a product while keeping the price the same.
Why do companies engage in shrinkflation?
To reduce the size or quantity of a product while keeping the price the same.
Which strategy involves including more air in a package to hide changes from consumers?
Shrinkflation
What might a hotel do if it is practicing skimpflation?
Reduce included services like housekeeping.
Learn about shrinkflation, where companies reduce the size or quantity of a product while maintaining the price, and skimpflation, where companies lower the quality of the product. Explore how these tactics are used by businesses and how they can impact consumers.
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