I am a physician, currently practicing as an Anesthesiologist. My other passions are finance and investments. As of 2013, I have passed all three levels of the Chartered Financial Analyst (CFA) exams, all in my first attempts. I received my Masters of Business Administration degree in 2008. I received my certification as a securities specialist from the Philippine Stock Exchange in 2009.
Kentucky Fried Chicken (KFC) Philippines always have great meal deals going on. Why are people drawn to combo meals? There are savings when you buy a combo meal than buying all the components ala carte. Savings from a promo is a very important factor in purchase decisions.
However, the computations that KFC uses for what you save with its meal deals are confusing and inconsistent.
Here is one of the deals being heavily promoted recently by KFC:
KFC Spaghetti Party Bucket
I love spaghetti and I love KFC chicken… What I don’t like is the measly PHP 70 savings with this deal. KFC Spaghetti Party Bucket Promo. Image from kfcdelivery.com.ph
Do you only really save PHP 70 with this combo instead of buying everything separately? KFC messed up the computation on this one. Here’s why:
In this post, I am not just going to calculate the discount from a run-of-the-mill Dunkin’ Donuts food promo (because that would be too easy), but also try to connect it to the concept of self-interest and the invisible hand. By the way, this is NOT an advertorial.This is a legitimate post y’all. I love donuts and I love promos more. Upon entering a neighborhood Dunkin’ Donuts (DNKN:US see latest stock quote), I planned to take out one – or maybe two – donuts home. However, I saw this poster.
Is this really a great deal? Poster of Dunkin’ donuts 3-3-12 promo. Image from official Dunkin’ Donuts Philippines twitter account
The franchise owner for Dunkin’ Donuts in the Philippines is Golden Donuts Incorporated. The promo price for this box of donuts is PHP 199 (USD 4.51). If I buy the donuts separately, this is what I’ll have to pay:
