fb

Are Go-GO Hamsters skimming into my Christmas shopping?

Are Go-GO Hamsters skimming into my Christmas shopping?

My 9 year old niece is a lovely girl and has some great characteristics. One of my favourites is that she’s a determined little girl who knows exactly what she wants! Christmas is fast approaching and top of her Christmas present list this year is a “Go-Go Hamster”.

For those of you outside of the UK you may not have heard of these toys. They are small battery operated hamsters with a retail price of £10. They are the latest must have toys for Christmas. I was determined not to leave Christmas shopping until the last minute this year and went off in search of some Go Go Hamsters. A slight problem however in that the shops have sold out of them! The big chains such as Toys R Us have sold out and even exclusive Hamleys in London has sold out.

A quick look on certain websites such as E-bay however shows that it is in fact possible to buy Go Go Hamsters. Some are being sold for more than £50 which when comparing to their retail price is a hefty mark up.

Anyway, back to ACCA Paper F5 and CIMA P2 and what exactly does my Christmas shopping list have to do with these papers? Students should be aware that Price skimming is where prices are set at a high price to catch customers willing and able to pay the price. Are we seeing an unofficial price skimming approach by individuals selling Go Go Hamsters?? Some may argue that it is simply individuals taking advantage of supply and demand and selling at a profit. The important thing for paper F5 though is to be aware of the concept of price skimming as well as all the other pricing strategies that a company can adopt (if you’ve forgotten then have a quick look at pages 14 and 15 of our ExPress notes).

In conclusion, I won’t tell you whether I actually bought a Go Go Hamster or not in case a certain 9 year old niece is studying F5 at an early age….

Share this entry

Recent articles

View All Articles
Uber’s growing but why did its share price fall?
Feb 05, 2025
Title
Uber’s growing but why did its share price fall?
Excerpt

Uber Technologies Inc. has firmly established itself as a global leader in mobility services. Despite facing regulatory challenges […]

Stadiums, sponsorships and success: the evolution of football finances
Jan 24, 2025
Title
Stadiums, sponsorships and success: the evolution of football finances
Excerpt

The Deloitte Football Money League (DFML) is an annual publication that tracks and profiles the highest revenue-generating football […]

Waxing lyrical: Barbour’s £30M payday
Jan 22, 2025
Title
Waxing lyrical: Barbour’s £30M payday
Excerpt

With a fanbase that includes members of the Royal Family and leading music stars, Barbour coats have become […]

Harry Potter star’s gin goes global
Jan 18, 2025
Title
Harry Potter star’s gin goes global
Excerpt

When most people think of Emma Watson, they probably think of her as Hermione Granger in the Harry […]

How’s your lipstick?
Jan 15, 2025
Title
How’s your lipstick?
Excerpt

In the world of business, understanding consumer behavior is key. The “lipstick effect” looks at the interplay between […]

Retire or Re-Tie? : marriage for older people
Jan 08, 2025
Title
Retire or Re-Tie? : marriage for older people
Excerpt

Marriage trends have been shifting for decades. Whilst overall marriage rates have dipped by more than 20 percent […]

How to impress over a business lunch…
Jan 06, 2025
Title
How to impress over a business lunch…
Excerpt

Picture the scene. You’ve got an important business lunch coming up. You want to make a good impression […]

Comparing the Top 5 ACCA Platinum Online Course Providers
Jan 04, 2025
Title
Comparing the Top 5 ACCA Platinum Online Course Providers
Excerpt

If you’re looking to excel in your ACCA studies, choosing an ACCA Platinum Approved Learning Partner is a […]