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Tag: pricing tricks

Jetstar and Virgin handed penalties for ‘drip pricing’ techniques | The Sydney Morning Herald

Jetstar and Virgin handed penalties for ‘drip pricing’ techniques | The Sydney Morning Herald

The fines, which amount to $200,000 for Virgin and $545,000 for Jetstar, were handed down in the Federal Court on Tuesday, following its finding in November 2015 that their use of “drip pricing” techniques was in contravention of Australian consumer law. “I think this is a very big deal,” said Rod Sims, chairman of the Australian Competition and […]

Don’t fall for deceptive pricing practices | The Boston Globe

Don’t fall for deceptive pricing practices | The Boston Globe

Everyone knows that one store where there’s always a good deal to be had, a shop with frequent markdowns of 20, 40, even 60 percent. But the bargains might not be nearly as good as they appear. Constant deep discounts can be a sign of deceptive — and perhaps illegal — pricing strategies. In fact, […]

LA prosecutors sue giant retailers for deceptive pricing | Daily Mail Online

LA prosecutors sue giant retailers for deceptive pricing | Daily Mail Online

The suits allege the retailers illegally engaged in the business practice known as “false-reference pricing” to make customers believe they are “getting a good deal.” For example an item can be advertised as being on sale for 50 percent of the original price, even though the retailer never sold it at that original price. … […]

Decoy Effect: Sell Bigger And Better | TwoFeet Marketing

Decoy Effect: Sell Bigger And Better | TwoFeet Marketing

While most people think that increased time spent prospecting and selling will earn you more profit, the truth is, that there are numerous tactics to profit maximisation. Cost efficiency exercises and rising prices are two, easy to implement, strategies. Another two are pricing strategy analysis and using the decoy effect to encourage customers to buy […]

China coal fumble casts doubt on its global commodities pricing goal | Reuters

China coal fumble casts doubt on its global commodities pricing goal | Reuters

Unprecedented steps by Beijing to snuff out a months-long rally in coal prices are casting fresh doubts on China’s drive to become a global price-setting hub for commodities worth trillions of dollars. The world’s top consumer of many raw materials has been pushing to boost its influence on pricing of everything from iron ore to […]

Are you getting ripped off when you shop online? | Komando.com

Are you getting ripped off when you shop online? | Komando.com

A recent report by ProPublica shows that yes, this is indeed happening. It is a result of dynamic pricing, which can lead to unintentional price discrimination. Dynamic pricing is when online retailers adjust the cost of an item on the fly, as market demand changes. It’s controlled by algorithms that take into account such things as […]

Refunds roll in after I-Team car dealership investigation | CBC News

Refunds roll in after I-Team car dealership investigation | CBC News

When Jill Bristow pulled out of Murray Hyundai last week in her 2016 Tucson SUV, she was confident she negotiated the lowest price possible. “It was a good car buying experience really,” said Bristow. It wasn’t until she came across an CBC I-Team investigation published last week when she realized she paid more than she needed to. […]

Amazon Says It Puts Customers First. But Its Pricing Algorithm Doesn’t. | ProPublica

Amazon Says It Puts Customers First. But Its Pricing Algorithm Doesn’t. | ProPublica

One day recently, we visited Amazon’s website in search of the best deal on Loctite super glue, the essential home repair tool for fixing everything from broken eyeglass frames to shattered ceramics. In an instant, Amazon’s software sifted through dozens of combinations of price and shipping, some of which were cheaper than what one might […]

The too-good-to-be-true prices in glossy travel brochures are often just that | The Washington Post

The too-good-to-be-true prices in glossy travel brochures are often just that | The Washington Post

The National Trust Tours brochure for its upcoming Odyssey of Ancient Civilizations — a seven-night cruise through Italy, Croatia, Montenegro, Albania and Greece — advertises an “all-inclusive” itinerary. And indeed, the $4,195 price for an ocean-view stateroom covers meals, tours and “enhanced” services, such as a flight insurance policy. But a closer look at its […]

Why eBay Hides Some Prices – Strikethrough Pricing Explained | eCommerce Bytes

Why eBay Hides Some Prices – Strikethrough Pricing Explained | eCommerce Bytes

Why is the price not shown on some listings? Sellers have the right to set their own prices independently, but some manufacturers place restrictions on how those prices may be displayed or communicated to others. Because the seller’s price on some items may be below the manufacturer’s minimum advertised price, the manufacturer may not allow […]