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Pay-what-you-can
Pay what you can (PWYC) is a non-profit or for-profit business model which does not depend on set prices for its goods, but instead asks customers to pay what they feel the product or service is worth to them. It is often used as a promotional tactic, but can also be the regular method of doing business. It is a variation on the gift economy and cross-subsidization, in that it depends on reciprocity and trust to succeed. "Pay what you want" is sometimes used synonymously, but "pay what you can" is often more oriented to charity or socially oriented uses, based more on ''ability'' to pay, while "pay what you want" is often more broadly oriented to perceived value in combination with willingness and ability to pay. Motivation Giving buyers the ability and freedom to decide what they are willing to pay for can be very successful, this eliminates the issues of conservative pricing. Buyers are attracted to the fact they are not obligated to pay a certain price for a product, this e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SAME Cafe
The SAME Cafe is a nonprofit community cafe with locations in Denver, Colorado, United States and Toledo, Ohio, United States. Brad and Libby Birky invested $30,000 to open the original restaurant at 2023 East Colfax Avenue, Denver, on October 20, 2006, inspired by their background in community service and a visit to the One World Cafe in Salt Lake City, Utah. They opened the second SAME Cafe site in November 2022, in the Main Library of Toledo, OH. The name is an acronym for "So All May Eat", and their motto is "Making healthy, organic food available to all". They offer higher quality food in a pay what you can format where the diner puts what they feel their meal was worth in a donation box. They also accept a 1/2 hour of volunteer help in exchange for a meal, made possible by Colorado laws which do not require a food handlers certificate for restaurant workers. Economics They pay about $2,500 a month for rent and approximately $2,500 for the food. Before their expansion in Nove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
