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Tag: differential pricing

What a “Price Vocabulary” Is, and Why Companies Need One | Harvard Business Review

What a “Price Vocabulary” Is, and Why Companies Need One | Harvard Business Review

The next time you visit a Costco warehouse store, observe the price tags. In addition to showing the cost of an item, Costco’s price tags encode unique information. The price endings, such as $8.99 versus $8.97, convey special meanings to the subset of shoppers who are literate in Costco’s price vocabulary. As one example, when […]

Higher price means higher quality in consumers’ minds: Study | Big News Network

Higher price means higher quality in consumers’ minds: Study | Big News Network

Washington D.C [USA], July 24 (ANI): Why are we willing to pay much more for a six pack of craft beer, a locally produced bottle of wine or a regional brand item, often choosing them over national brands? It’s because when people prefer to ‘buy local,’ they more frequently base their decisions on price as […]

Sugar crisis: Directors demand differential pricing model; 3-day workshop held in Pune | Hindustan Times

Sugar crisis: Directors demand differential pricing model; 3-day workshop held in Pune | Hindustan Times

Sugar industry directors from Maharashtra demanded the differential pricing model for sugar which will help sell the commodity at two different prices — one for commercial use while the other for domestic use. The Maharashtra State Co-operative Bank organised a three-day workshop on sugar in the city and representatives of co-operative sugar industries and private […]

Autos and Taxis will get a fair hike, Ola/Uber surge pricing to be capped | ThePOST24

Autos and Taxis will get a fair hike, Ola/Uber surge pricing to be capped | ThePOST24

Mumbai Transport will get a major overhaul as the transport department has decided to hike the fare of Autos and Taxi by Rs 2 for both the modes of Mumbai Transport. BEST has already got an approval from its Managing committee and will decrease the minimum fare to ₹ 5 as suggested by BMC Commissioner […]

Dynamic Pricing for Airport Parking | Perfect Price

Dynamic Pricing for Airport Parking | Perfect Price

Even with passenger volumes rising, ride-sharing is hitting airports where it hurts – parking revenue. Traditionally the top revenue source for airports, parking revenue cannot be replaced by $1 or $2 fees from ride-share companies like Uber and Lyft. This article explores how leveraging the same dynamic pricing technology used by ride-sharing companies can help […]

5 Tips for Increasing Average Order Value | Business 2 Community

5 Tips for Increasing Average Order Value | Business 2 Community

One statistic that all business owners should know is that 40% of shoppers admit to spending more than they budgeted. What that means to you as an online retailer is that you need to find a way to make sure you are presenting shoppers with options to buy things in the digital checkout line. Think […]

Price Forecasting: Applying Machine Learning Approaches to Electricity, Flights, Hotels, Real Estate, and Stock Pricing | Data Science Central

Price Forecasting: Applying Machine Learning Approaches to Electricity, Flights, Hotels, Real Estate, and Stock Pricing | Data Science Central

When you give customers advice that can help them save some money, they will pay you back with loyalty, which is priceless. Interesting fact: Fareboom users started spending twice as much time per session within a month of the release of an airfare price forecasting feature. This tool continues to grow conversion for our partner. Besides travel, […]

Where was differential pricing at the WHO Fair Pricing Forum? | STAT

Where was differential pricing at the WHO Fair Pricing Forum? | STAT

Access to pricey prescription drugs has become a topic of focused attention for the World Health Organization, governments of middle- and lower-income countries, nongovernmental aid organizations, patient activists, and others. Many of these gathered at this month’s Fair Pricing Forum in Johannesburg, South Africa, which was sponsored by the WHO. The invitation-only meeting, which was […]

Interview: The Case for Surge Pricing for Everything with Alex Shartsis, Co-founder & CEO @ PerfectPrice | DojoLIVE! by Nearsoft

Interview: The Case for Surge Pricing for Everything with Alex Shartsis, Co-founder & CEO @ PerfectPrice | DojoLIVE! by Nearsoft

Date: May 1, 2019 Time: 10:00 am central Surge pricing may soon be something that we see for more than just an Uber ride, but what’s the real purpose of companies surging prices? And is it always bad for the consumer? About Alex Shartsis  Alexander Shartsis is cofounder and CEO of Perfect Price, an artificial intelligence […]

The Powerful Influence of Pennies-a-Day Price Offers | Psychology Today

The Powerful Influence of Pennies-a-Day Price Offers | Psychology Today

Sellers and fundraisers have used pennies-a-day price offers for decades. It’s a popular and effective way to quote a price. Magazine publishers first began promoting their subscriptions on a per-issue basis instead of an annual price back in the early 1980s. Consumer psychologist John Gourville explains this decision was fueled by field experiment results conducted […]