A Ten Dollar burger at McDonald's is that possible?
On page 291 of our book there is a discussion of pricing at McDonald’s that suggests that there could not be a $10 burger on their menu. As a marketer I would disagree. The text states on page 289 in the section of “Demand-Oriented Tactics" that you can “cultivate selected demand: Marketing managers can target prosperous customers who will pay extra for convenience or service.”
Another quote suggests “create unique offerings: Marketing managers should study buyers’ needs. If the seller can design distinctive goods or services uniquely fitting buyers’ activities, equipment, and procedures, a mutually beneficial relationship will evolve. By satisfying targeted buyers in a superior way, marketing managers can make them dependent.” A unique offering could be an organic beef burger from grass fed, free range cattle, with all organic ingredients including the lettuce, tomatoes, cheese and onions. Currently, I cannot think of any quick service restaurants offering anything on the menu that is organic or from renewable sources.
Going organic could possibly change the way customers perceive McDonald’s as a new type of dining experience.