President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
yes, and that was a planned phaseout, and not some insane abrupt change of an entire nations pricing structure. it gave companies time to adjust their sales and marketing techniques. many companies in the united states employ the .99 tactic to make their goods seem cheaper than they are, without the legal ability to round, they’ll have to forego the psychological tool and make their products .00, or lose .04 a sale and make their products .95, this is going to screw them right up the keister, like immediately, and I am very much looking foward to watching the fallout from this when the big corps start losing their minds
yes, and that was a planned phaseout, and not some insane abrupt change of an entire nations pricing structure. it gave companies time to adjust their sales and marketing techniques. many companies in the united states employ the .99 tactic to make their goods seem cheaper than they are, without the legal ability to round, they’ll have to forego the psychological tool and make their products .00, or lose .04 a sale and make their products .95, this is going to screw them right up the keister, like immediately, and I am very much looking foward to watching the fallout from this when the big corps start losing their minds