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Price Intelligence and Dynamic Pricing in eCommerce
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Description
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.
You can make informed decisions about participating in a promotion using this information. You can use these strategies when determining prices for specific products or categories. You can use them to inform your decisions based on the market's competitiveness so that you're not overcharging customers.
You can make informed decisions about participating in a promotion using this information. You can use these strategies when determining prices for specific products or categories. You can use them to inform your decisions based on the market's competitiveness so that you're not overcharging customers.
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