Question: 1. How much of a change in script does setting your own price constitute? 2. Would this be seen as a competitive advantage in the

1. How much of a change in script does setting your own price constitute?

2. Would this be seen as a competitive advantage in the restaurant industry?

3. How dependent on the U.K. culture is the idea? Would it work in the US?


It sounds like a recipe for financial ruin: A restaurant that allows customers to pay what they think their meal is worth. Yet the business tactic is proving a success and “paywhat- you-like” restaurants are spreading across Britain.

The idea was spawned by Michael Vasos, the owner of Just Around The Corner, a French bistro in north London, where customers often spend two hours drinking fine wine and gorge themselves on salmon stuffed with crab. Afterwards, they must work out their own bill and most, surprisingly, leave a fair or generous amount.


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1 The consumers at Just Around the Corner will view this as a very difficult script to which they have to adapt There are few analogous settings where modern consumers have to set their own prices Cer... View full answer

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