Dynamic pricing is making its way to mega supermarkets. Over the next 2 years, we expect to see widespread adoption of electronic shelf labels (ESL), which will enable the implementation of dynamic pricing
As dynamic pricing has proven itself over time, we are starting to see the concept push its way into new industries
The taxi’s surge charge is designed to maintain a balance between supply and demand. As the surge price multiplier increases, the number of people willing to pay the surge fee decreases. When done right, the result creates a perfect marketplace, where there are enough taxis to satisfy the demand.
Calculating the exact commission level to maximize profits is anything but simple
The theory goes that if you advertise a deeply discounted price on milk, customers will not only come into your store to buy the milk, but they’ll use their savings to increase spending on other grocery items
Despite the inclusion of added services, supermarkets still struggle with enormous overhead costs that chip away at the bottom line.
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