There is an applied ‘science’ to pricing...days of the week...hours of the day...before or after holidays, etc. All of this is based upon polling and data collected over the years, and the chains pay for the ‘advice’.
The days where the manager had to physically up the pricing on stands are way gone. It can be set from a desk in the operation, and you could have six to eight different prices throughout the whole day. You can ask any of these managers about his competition and he’ll pull out a listing to suggest how he has some strategy set, and they all try to stay near the competitive edge (yet still make an acceptable profit).
Michigan limits price changes to 2 in a given day. Just FYI.
CC