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Manufacturers provide dating to help consumers and retailers decide when food is of best quality.
Download this podcast SARAH GREEN: Welcome to the HBR Idea Cast. I’m talking today with Paul Oyer, Professor of Economics at Stanford’s Graduate School of Business. SARAH GREEN: So Paul, I’d like to just kick off by talking a little bit about the economic concept of search costs.
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However, we invest in those search costs because it’s worth it, because we get something we really want.
And so when we think about a place where investing and getting what you really want is particularly valuable, it seems like the market for a life partner is hard to beat.
In the case of shelf-stable and frozen products, the year must also be displayed.
Additionally, immediately adjacent to the date must be a phrase explaining the meaning of that date such as "Best if Used By." [Top of Page] Are Dates for Food Safety or Quality?
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