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 […]
As part of my last year of study in the MSc International Accounting, Management Control and Auditing at Rennes School of Business (France), I am writing a Master’s thesis on new pricing practices in the retail industry. I think the Big Data era has revolutionized pricing in retail and that it’s necessary to update our […]
Starting this week, booking a surge-free ride with an upfront price in an NYC taxi is as easy as using your preferred ride-hailing service. The new initiative is a citywide expansion of the city’s Taxi and Limo Commission pilot with the ride-hailing Waave app. Now available in all five boroughs, New Yorkers can use Waave […]
Uber is overhauling the way it responds to emergencies and natural disasters. In a blog post, the ride-hailing company said it now has a centralized command center that will direct responses to disasters, including instituting temporary price caps and suspending service. Uber’s new Global Security Center will monitor situations that may affect the company’s business […]
Uber is overhauling its disaster response procedures so it doesn’t get caught flat-footed during major events like a hurricane or terrorist attack. In the past, Uber’s response to disasters was largely piecemeal, relying on local teams to make all the decisions about capping surge pricing or suspending service. Now, the ride-hail company’s new Global Security […]
Uber drivers are not completely exempt from allegations that they’ve ripped off their passengers, however. The study found the drivers often seek out routes that are subject to surge pricing, Uber’s practice of increasing fares when there is high demand. They also occasionally tell the app that they’ve started a ride before a rider gets […]
Ride-hailing companies like Uber and Lyft poured more than $1 million this year into lobbying New York City officials. But that influx of cash couldn’t compete with the dedication of the city’s cab drivers. After years of agitating for ride-sharing regulations to protect their livelihoods, New York taxi workers have finally won a vehicle cap […]
HOUSTON, Texas (KTRK) — Lyft says it’s successfully combining ride-sharing and rentals. In a program recently launched here in Houston, and some other cities nationwide, you can drive for Lyft using a rental car. The rental cars come from Flexdrive at IAH, and you can use them for both personal and Lyft rides. Since launching […]
The cost of living for consumers may be accelerating, but it is not all bad news. Prices of some essentials, including coffee, aspirin and food from vending machines, have declined over the past year, according to a government report released Friday. Of course, prices of some other — arguably more essential — essentials, such as […]
As part of the partnership, Avis will add thousands of vehicles to Lyft’s Express Drive program in North America, making it easier for people to drive for Lyft without owning a car. Lyft drivers will be able to reserve an Avis rental car right from the Lyft app. The service is rolling out in the […]
Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors. This Edition is brought to you by: Value Innoruption Advisors Founded by Dr. Stephan Liozu, Value Innoruption […]
This Week in Pricing > 10/13/18
This Week in Pricing is a collection of pricing focused news, thought leadership , events, jobs and professional education resources for pricers. This Edition is brought to you by: Vistaar Vistaar is leading SaaS software provider that enables companies to optimize pricing, promotion, configuration, and rebate management. Our solutions are powered by predictive models leveraged […]
The Need for a NexGen CPQ Solution | Pricing Matters
Price optimization to unlock ROI potential The Configure-Price-Quote (CPQ) software market growth is exploding. According to Gartner, CPQ market revenue was approximately $878 million in 2016, with a 20% CAGR expected through 2020. However, CPQ is not new, and many organizations that have invested in CPQ solutions are failing to meet expected ROI. So, what’s […]
Trump Signs Law To Lower Drug Prices, Ends Gag Orders Against Pharmacists | The Western Journal
President Donald Trump signed a law that ends insurance companies’ pharmacist gag clauses in an effort to lower drug prices Wednesday. “If there’s anything bipartisan it’s lowering drug prices,” Trump said while signing the Patients’ Right To Know Drug Prices Act according to CBS News. Currently, insurers and pharmacy benefit managers use the gag clauses to “forbid […]
Trump signs bills aimed at increasing drug price transparency | CNNPolitics
Washington (CNN) – President Donald Trump signed two pieces of legislation into law on Wednesday that aim to inform consumers about drug prices. Both measures, the Know the Lowest Price Act and the Patient Right to Know Drug Prices Act, aim to end the drug industry’s so-called gag orders of pharmacists, which prevent them from […]
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