Price Intelligence and Dynamic Pricing in eCommerce | |
Price intelligence and dynamic pricing are critical elements of an e-commerce pricing strategy. Through price intelligence, you can collect data that covers market prices, the cost of the product, and your costs to ensure that you are competitive with your competitors. Dynamic pricing, on the other hand, refers to adjusting your prices in real time based on various factors. These factors include demand, inventory levels, and competitor pricing. It can allow you to maximize revenue and profits by charging more when demand is high and lowering prices when inventory is high or when sales are slow. | |
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Target State: All States Target City : All Cities Last Update : Feb 15, 2024 8:35 AM Number of Views: 91 | Item Owner : retailgators Contact Email: Contact Phone: (None) |
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