Strategy Simplified
Strategy Simplified is here to demystify the consulting industry and help you land your dream job in management consulting. Hosted by the expert team at Management Consulted - the world's largest resource for consulting news and interview prep - each episode covers topics related to the consulting world, from interview preparation and case study techniques to networking strategies and industry trends. Whether you're just starting your career or looking to make a transition, Strategy Simplified is the go-to resource for anyone looking to break into the consulting industry. With actionable advice, insider tips, and real-life success stories, this podcast is the ultimate guide to simplifying your career strategy and landing your dream consulting job.
Strategy Simplified
S21E9: What Ending the Penny Mint Means for Prices
The U.S. stops minting new pennies. Cost savings help, but do second-order effects matter more?
We dig into:
- Why it cost ~4¢ to make 1¢
- $56M savings vs real economic impact
- Rounding rules, cash users, and pricing behavior
- Card mix, tipping culture, and “two-way door” policy
A quick, practical look at what this means for consumers and businesses.
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Chapters:
- 00:31 The End of Penny Minting
- 03:16 Economic Implications of Removing Pennies
- 05:57 Nostalgia and Cultural Impact of the Penny
- 08:30 Regulatory Challenges and Business Adaptation
- 11:36 The Future of Currency and Transaction Trends
- 14:06 Critical Thinking in Business Decisions
Connect With Management Consulted
- Schedule free 15min consultation with the MC Team.
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