Black Friday

Mark Sanchez Principles of Microeconomics Black Friday Black Friday, the day after thanksgiving, is the biggest obtain day of the year by far. It is the beginning of the traditional Christmas obtain season. The term dates back to as far as 1966. vista to of originated on the east coast by the year 2000 it was a term known throughout the United States. Black Friday is the around profitable day for many companies in the United States. Merchants and the media ease up used it instead to refer to the beginning of the period in which retailers go from being in the red (i.e., posting a loss on the books) to being in the black (i.e., turn a profit). A big portion of Total receipts comes from the month of November. Almost everybody spends money on gifts during the Black Friday weekend. both(prenominal) people stray away with it all together and many tact full phase of the moony strategize their shopping game plan. Looking at the DealsPlus statistics, at that place is a 310% increase in the number of sales on Black Friday compared to the November average. On the day after Black Friday, at that place is a 240% increase, and by Cyber Monday the number of sales is still 210% higher(prenominal) than the November average. (Reference 1) In many cities people line up in front of stores such as Best Buy and Wal grocery store hours before the stores open.

Most stores open at 4 or 5am and customers line up to get the best deals. Some publicise has come under scrutiny as of late i.e. 42 inch Plasma TV for $499 with (two at this price) in sharp print. This could be called Price Discrimination but its more like false advertising. As with any sale, the ridiculously pocket-size priced door buster deals are used as a loss leader. This is an item the retailers intentionally takes a loss on, in the hopes of attracting more people into the store. With people in the store they go out spend money on other items that arent marked down. Thats wherefore there are usually only one or two items at the door buster price The Economic loot that come from Black Friday... If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper