Retailers Counterbalance Instinct With Data-Driven Insight
Injecting innovation and science improves customer satisfaction and margins
By
John Bible
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
The Science of Pricing
In the area of pricing, for example, the sheer number and range of price changes performed every day by Amazon.com are clearly automated, responses to predicted customer demand patterns. For example, if more people are shopping during their lunch hours, it can make sense to raise prices for just those middle two hours of the day.
0 Comments
View Comments
- Companies:
- Amazon.com
John Bible
Author's page
Related Content
Comments