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Tag Archives: Manthan Systems
What Are Optimal Prices for a Retailer?
A key decision for retailers involves setting the proper prices. If prices are too low, then profit margins suffer. If prices are too high, shoppers may patronize competitors. Thus, it is crucial to set “optimal” prices and enact the proper balance … Continue reading
Posted in Online Retailing, Part 3: Targeting Customers and Gathering Information, Part 6: Merchandise Management and Pricing, Technology in Retailing
Tagged customer expectations, customer loyalty, inventory management, Manthan Systems, opportunity, planning, price optimization, pricing, retail analytics, segmentation, technology, tips, trends
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Retailing: From A to Z 