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Showing posts from November, 2017

How Did Weekends Come About?

Why is there no school on Saturday and Sunday? Why is it that our parents (sometimes) don't need to work on weekends? Weeks are arbitrary, made by people not set by nature, so why do we take it to our liking to relax on these days if it would make businesses work slower? The Birth Of The Weekend The rise of the weekends came from the Industrial Revolution. Farmers that had previously been working in the fields, began moving to cities to work in factories. The workers were unhappy about the 7-day workweek that organized labour strikes began rising up. Tensions were high and sometimes violence was involved. People wanted days off the schedule because it was a Christian tradition to worship on Sundays. During the late 1800s, there was a large amount of Jewish immigrants that wanted their traditional Jewish day of the week Saturday, off as well.  Mondays Used To Be Part Of The Weekend This was apparent in the late 1800s mid-1900s in England. Workers and emplo...

Why Do Sales End in 99¢?

All big-name retailers, supermarkets, restaurants and even shops in video games have been doing this. Prices ending in 99¢ account for more than 60% of all sales. The pricing is so natural that sometimes we forget about it all together. But what is the point in it if sales tax brings the price over and up to a dollar anyway? It turns out that this psychological marketing strategy is one of the most clever schemes ever created. This crafty pricing system has been around for more than a century. There are multiple reasons why prices work this way. The left-digit effect suggests that buyers read left to right, seeing the first or second digit the fastest and disregarding the rest. The customer automatically assumes the price, not seeing the cents, making the item look cheaper than it already is. The 99-95¢ or a dollar amount ending in 9 ($49) gives the customer the feeling that an item is on sale or is of high quality. As it turns out people are less inclined to buy items that...