Z$1 Billion Beer Is Now Worth Only Z$1 Million
By: Going Like Sixty -
Published: Dec 17, 2008
Updated: Jun 8 2011
• References: flickr
Billion dollar beer is here... or was. I'm sorry to report that the billion dollar beer was devalued on 11/24 so the Country Club in Zimbabwe has now dropped the price to Z$1 million. The poor soul that bought the beer in the photo only had $500's, so that stack of money was not to buy the entire bar, but only the one beer.
Implications - Due to the current economic crisis, many companies have had to reconsider their pricing, and as a result, many stocks have depreciated in value. When altering the price of a business product, they should instead consider implementing more cost-effective ways of production and marketing, in order to compensate for the price drop.