Know-How Exchange : Strategy

I really don't understand the question. What are "price metrics and fences" in the context of an Indian restaurant? Perhaps you can find other terms or explain what you are trying to do so that we can be of some service.

I had never heard the term "fences" as applied to marketing segmentation and pricing before your post. After reading about "fences", I wonder if this represents the kind of customer-centric transparency many are adopting in the cloud world. What would the customers think about fences?

"Market segmentation is a key strategic element in the practice of revenue management (RM). After being identified, market segments should be kept separate to prevent demand spillover from high priced segments to low priced segments and the associated revenue loss. Tools to restrict customer migration across segments are referred to as ‘FENCES’ ... "

source:
https://www.palgrave-journals.com/rpm/journal/v11/n2/abs/rpm200925a.html

Can we cut through the mess of deciding what words mean or not. I have this trouble all the time when people try to speak English and want to show that they speak it extremely well. My point is that communication is more important than definition. Communicating what is needed when it comes to your customers.

You are providing high-class food for them. That's great. So who likes your food, and what are they wanting when they eventually think "Indian"? Because answering that will bring you happy customers at all times of the day because you answered their question.

Focus on their needs, not their wallet. Answer that need and they will pay happily because you saved them time and effort - both of which are worth more than they spent. Oh, and they got a really great meal that means they feel great afterwards.

To your success,

M xx