Tag: Behavioral Psychology

The SeaChange in Pricing Research…. | Medium

The SeaChange in Pricing Research…. | Medium

Few decisions impact the bottom line of a product or service more than those involving price. Price too low and a company could be leaving significant sums on the table and risk forever scarring their brand reputation according to the popular axiom that “Price Connotes Quality”. Price too high and be prepared to revise your […]

When Your Boss Is an Algorithm | The New York Times

When Your Boss Is an Algorithm | The New York Times

Surge pricing, which multiplies prices for passengers and earnings for drivers during periods of high demand, is another form of algorithmic management that encourages drivers to relocate to certain areas at certain times. The drivers get in-app notifications, heat maps and emails with real-time and predictive information about spikes in demand. A driver who wants […]

US Shoppers Are Still Driven By Saving a Buck | eMarketer Retail

US Shoppers Are Still Driven By Saving a Buck | eMarketer Retail

A new National Retail Federation (NRF) study examines what it is calling “value shoppers,” the 89% of US consumers who frequent discount retailers. With a figure that high, this behavior transcends gender, region, income and age. Compared with five years ago, 63% of respondents said they buy more items on sale now. But where are […]

Can Uber’s Global Business Be Beaten One City At A Time? Here’s Daimler’s Bet | Forbes

Can Uber’s Global Business Be Beaten One City At A Time? Here’s Daimler’s Bet | Forbes

Athens-founded Beat wants to dominate the ride-hail market in every major Latin American city within three years. That might be doable if it maintains its current growth and so-far successful strategy of launching suddenly, without advanced fanfare, in one major foreign city at a time. It’s a kind of spasmodic hostile takeover before others can […]

Bitcoin Price Predictions: From Zero to a Million – What do the Experts Think? | Blockonomi

Bitcoin Price Predictions: From Zero to a Million – What do the Experts Think? | Blockonomi

It’s been a wild year for cryptocurrency prices thus far, exemplified by the meteoric rise and subsequent crash of granddaddy Bitcoin. After cresting a high of more than $19,000 in December, Bitcoin’s price tumbled down to less than $6,300 in early February. Since then, it’s vibrated at a relatively low range while the market as […]

Experts say Florence’s flooding will trigger used-car price hike, warn consumers to avoid buying waterlogged vehicles | AccuWeather

Experts say Florence’s flooding will trigger used-car price hike, warn consumers to avoid buying waterlogged vehicles | AccuWeather

During 2017’s Harvey, more than half a million cars were estimated to have been flooded. “Using Katrina as an example, 200,000 units were totaled, and used-vehicle prices increased by as much as 3 percent, or $309, over the four-month period following the storm’s landfall,” Paris said. “Prices initially rise but then fall to parity,” he […]

eBay Reverses Unpopular Markdown Pricing Policy for Now | eCommerce Bytes

eBay Reverses Unpopular Markdown Pricing Policy for Now | eCommerce Bytes

eBay reversed an unpopular pricing policy that limited sellers who use its Markdown Manager tool. Don’t look for an announcement on the seller board, however – it was posted by an eBay moderator when sellers discussed the issue on the company’s forums on Monday. The initial policy restricted sellers when creating a markdown sale event […]

Event Pricing Strategy: The 2019 Guide | Event Manager Blog

Event Pricing Strategy: The 2019 Guide | Event Manager Blog

Event pricing strategy is a tricky business. Setting the right ticket price can ensure a sell out event. Conversely, if you price tickets too high or too low this can directly impact on final attendance numbers. Event pricing is a tricky balancing act that many event planners struggle with, whether it is finding the optimum […]

Pinnacle warns of ‘intensified competition’ in grocery as Conagra deal nears | Food Dive

Pinnacle warns of ‘intensified competition’ in grocery as Conagra deal nears | Food Dive

Still, Brittany Weissman, an analyst at Edward Jones, told Food Dive last week that the deal was good for Conagra. The company in recent years has jettisoned its private label business and frozen potato company Lamb Weston to focus on its core brands, using M&A to bulk up in areas such as snacking and frozen where it already […]

Ran NeuNer Suggests Bitcoin Price is Set to Explode with Upcoming ETF Approval | Bitcoin Exchange Guide

Ran NeuNer Suggests Bitcoin Price is Set to Explode with Upcoming ETF Approval | Bitcoin Exchange Guide

Neuner has always been very bullish and positive about Bitcoin’s future. A new rally in Bitcoin’s price could be related to an approval of a Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). In the coming months, a positive decision could be taken by the US agency. At the end of […]