Tim Hortons To Increase Coffee and Breakfast Sandwich Prices

Tim Hortons coffee and breakfast sandwiches are about to get a little more expensive as the North American coffee chain prepares to raise its prices next Wednesday. The price for coffee will jump up by an average of 10 cents. Breakfast sandwich prices will also jump up by 10 cents in all provinces but Ontario to $2.99.

Tim Hortons isn’t the only brand raising its prices due to the coffee Arabica coffee bean price hike last October. Keurig, makers of “k-cup” coffee pods, raised their prices earlier this month by 9% and Starbucks raised the cost of their coffee products over the summer as well.

 

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Why The Price Increase

Brazil is the largest producer of coffee beans in the world and this summer’s drought is wreaking particular havoc on Brazilian coffee growers and as a result world prices as well.

 

How Demographics Affect Pricing

Tim Hortons’ flagship product is coffee. Not only does Tim Hortons own 62% of Canada’s coffee market, but it also has more outlets in Canada than McDonald’s and Starbucks combined. Naturally, a brand with wider market appeal will be less expensive than a brand with less market appeal. Tim Hortons positions itself as the brand for small towns, sports fans, and the working-class Canadians. It is not a brand for middle-class families and business professionals; that market is reserved for Starbucks. It’s also a type of brand that is less likely to pay a premium to boost its image and the consumer experience.

 

How Geography Affects Pricing

Tim Hortons’ first store opened in Ontario and is more dominant in central and eastern Canada. McCafe also entered Canada through Ontario, but has a better foothold in British Columbia and Quebec. Tim Hortons, on the other hand, didn’t enter Quebec until the 1970s. Appealing to Quebec was more of an after-thought. Out West, Starbucks dominates the market with its appeal to the laid-back west-coast culture. So if you’re wondering why the price of Tim Hortons coffee is higher in Quebec and British Columbia than it is in Ontario, geography and market dominance have a lot to do with it. 

 

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Facebook Reportedly Working On Website For Office Use

Facebook is coming out with an office version of its social media platform for employee-to-employee communication at work. The pilot project is still in the test stages of development and will not be out for another few months. By taking on this project, it is taking on entrenched rivals, such as Microsoft, Google, Skype and a number of other smaller companies aiming their sights at the ever-evolving landscape.

It’s referred to as “Facebook at Work,” and the look and feel will be just like the current social media website. The only differences are that it’s meant for communicating with colleagues and management and collaborating on office projects.

This would not be the first idea or change Facebook proposed or made this year.  In April of this year it officially launched Business Manager, a tool that lets marketers and agencies manage multiple campaigns via one interface. Just three weeks ago it also made changes to its privacy policy and shortened it by 75%.

Social Media scholars regard this as a wise move. Given that Facebook already has 1.35 billion users who access the social media network on a monthly basis, it’s well poised to bring it into an office environment as well. Facebook employees and their managers are already using the social network to collaborate internally, but nothing officially.

Facebook at Work

What does this mean for business professionals?

If Facebook can get companies to adopt their idea, it could open up new and exciting opportunities. For instance, it will allow employees to make their professional profiles “public,” which would turn Facebook into a professional social network that could compete against LinkedIn directly.

Facebook has declined to make a statement about this new development. The news was reported by Financial Times on November 16, 2014. Carmel Vision will update you as soon as more information becomes available.

 

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Email Contact Management- Why Every Business Needs It

Approximately 50% of new small businesses in North America close within five years, and most of those that survive these statistics are just barely making it by. They’re making just enough money to stay in business, but never manage to generate enough capital for upgrades and expansions that would allow them to grow.

There are, of course,  new small businesses that seem to be super-charged. They may begin with one or two people working, but the next thing you know they have over a dozen or even hundreds of people and their offices or products are everywhere in the world. Two perfect examples are WhatsApp (purchased by Facebook) and Twitch (purchased by Google).

What makes those businesses different? Why do some small businesses take off while others close? This is obviously a broad question and there are business experts who make a great deal of money selling their input. But there is one part of the answer that is simple and clear: in order to succeed, a small business must have an effective contact management system. 

supercharged employees

There are many contact management software solutions on the market today but few are good at both managing contacts and emails. Take Microsoft Outlook, the most well-known contact management software on the market, is good at managing your contacts but lacks on the email management side.

To properly manage your emails in Outlook you need to set rules and filters so that the email automatically links to the contact. Most users of Outlook however do not know how to set this up and tend to create folders and drag and drop each email to the folder manually. A typical inbox today has 10,000 plus emails so one can only imagine all the time you can save not having to do this task.

With InfoFlo’s contact manager software you get auto email linking built right into the core $99 package. It’s simple all the user is required to do is either add a new contact or import your contacts from Outlook, Gmail, CSV etc. Once this is done then all your emails will be automatically linked for you.

Another great email management feature built into the $99 InfoFlo core package is the spam filter. When an email comes into the system it will display it as known or unknown. A known email is one that is linked to a contact in your contact list and the unknown is an email address not added to your contact database. This spam filter is a great feature because now users do not need to go through one long list of emails and spend their valuable time sifting through spam something they normally do in Outlook. For information please visit www.carmelvision.com

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