Exact-Glove-5026
Exact-Glove-5026 t1_jaei0eg wrote
Reply to comment by swordgeek in ELI5- Given the average cost of a cup of coffee is marked up about ~80%, why hasn’t a company come in and charge significantly less to take a greater share of the market? by Educational_Sir3783
Or just buy you for a huge (to you) price. Happens so much in every industry.
Exact-Glove-5026 t1_jaeho3w wrote
Reply to comment by SplodyPants in ELI5- Given the average cost of a cup of coffee is marked up about ~80%, why hasn’t a company come in and charge significantly less to take a greater share of the market? by Educational_Sir3783
Plus if they moved beyond mom and pop status and somehow kept their costs dramatically low, there's always a bigger company willing to buy them out to protect their spot.
Exact-Glove-5026 t1_jaeimvf wrote
Reply to comment by swordgeek in ELI5- Given the average cost of a cup of coffee is marked up about ~80%, why hasn’t a company come in and charge significantly less to take a greater share of the market? by Educational_Sir3783
Starbucks DOES like their destruction! Haha