In this infographic, we will discuss price optimization and its benefits to retail companies. We will also point out what is the data that needs to be optimized and the process to get there.
First of all, let’s give you a brief introduction to the concept of price optimization.
What is price optimization?
Price optimization is the practice of analyzing complex data to help predict how customers will respond to prices for products and services offered through different channels. This method also helps businesses determine the right price to charge in order to help maximize sales and increase profits.
Check out more details in the infographic below.
Presented by Clover Network – merchant services