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Check my menu prices against competitors before I raise them

Ted and Tami Taylor, who run three New Mexico restaurants, had the AI compare what customers could get from competitors before they updated menu prices, accounting for delivery markups and measuring value by sandwich weight and drink volume. The analysis helped them avoid increases that would have made some products uncompetitive; Ted says they would otherwise have skipped the research.

How it works

  1. Take the Taylors' menu and pricing question
  2. Research competitor offerings
  3. Adjust for delivery markups
  4. Normalise value by sandwich weight and drink volume
  5. Identify which planned increases would be uncompetitive

Why it’s worth knowing

It compared value by sandwich weight and drink volume, not just headline prices.

Where it’s from

Summarized from a public post on cdn.openai.com. See the original ↗

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