Read more: http://www.investopedia.com/terms/m/menu-costs.asp#ixzz1fGHxRuqO
There are at least 360 categorizes of products at Walmart, and each category has at least 5 subcategories. In short, Walmart are selling numerous kinds of products. How long it will cost and take to change all kinds of products. Obviously, very much, and very long.
For off-line retail stores, menu cost is usually very expensive, as a result, prices of their products do not change often. How about online stores? Menu cost might be close to Zero.
What does this mean to consumer behavior?
How does the internet change consumers behavior by reducing menu cost?
More analysis will be post soon!
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