16 April 2019

False economy (saving)

Managers at borders employ fewer lines at passport control to achieve personnel savings. What they don't realise is the cost in tourists who don't return can far outweigh any benefits in short-term savings for the economy.

It's the same with supermarket cash out lines, or bank teller deployment. The unpleasant experience deters future and current customers and the loss in potential future earnings outweighs the immediate cost saving.

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