by Felix Weer | Nov 28, 2019 | Definitions, Pricing
Behavioural theoretical models are hypothetical constructs that aim to understand and explain people’s mental trains of thought (Diller 2008, p. 94). Behavioral theoretical aspects are used in the pricing approaches discussed in this paper to understand how... by Felix Weer | Nov 19, 2019 | Allgemein, Data Science, Definitions, Price Monitoring, Pricing
Many companies spend so much time analyzing their internal processes that they forget the importance of being aware of competitor actions, action and price monitoring. This view helps to understand how companies are positioned in the market, how they behave at... by Felix Weer | Nov 18, 2019 | Allgemein, Data Science, Definitions, Pricing
Business Intelligence Developer is a person who designs and imlements technology-driven processes for analyzing data and presenting actionable information that helps executives, managers, and other end users make informed business decisions.Definition of Business... by Felix Weer | Nov 18, 2019 | Definitions, Price Monitoring, Pricing
The oligopoly is a market form in which there are many buyers but few suppliers. An oligopoly with exactly two suppliers is called a duopoly or dyopoly, while a market where there are also few suppliers and few buyers is called a bilateral oligopoly. Price rigidity... by Felix Weer | Nov 17, 2019 | Allgemein, Data Science, Definitions
A price point is a retail selling price that is directly below a round number (e.g. 2.99 EUR). The price point is therefore a special, fixed sales price to achieve a sales-promoting effect. This is because a price that is just below the round price is considered... by Felix Weer | Nov 16, 2019 | Definitions, Price Monitoring
Through brainbi price monitoring you will see exactly: which prices your competitors charge at which time for the products you have in your assortment. where price campaigns take place and how they influence prices and assortments. Which retailer offers how many of...
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