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Dynamic pricing - what is it?

Dynamic pricing, also known as active pricing, involves the formation of a product's value based on demand and/or time. It is a pricing strategy in which the price of a product or service is adjusted in real-time based on various factors:

  • demand;
  • supply;
  • market conditions;
  • customer needs.

Unlike static pricing, which sets a fixed price for a product or service, dynamic pricing allows you to set flexible and variable prices depending on changing circumstances.

Benefits of price monitoring

Price monitoring is the process of actively tracking and analyzing price information for products or services in the marketplace.

Parsing Yandex Market prices - how does it work?

Yandex Market is an online marketplace that serves as a platform for various merchants offering customers a wide range of products. Users can browse and search for products in different categories, compare prices, read reviews, and shop through the platform.

Control of MRPs and RRPs - what are they?

RRP means the recommended retail price and MRP means the maximum retail price. RRP and MRP are retail pricing terms used to refer to the suggested or maximum selling price of an item.

Competitors have lower prices - what to do?

Working in the field of sales and services, price is one of the key parameters that affect the success of the chosen business model! Considering this topic in detail, special attention should be paid to dumping and methods to combat it.