SYSTEMS AND METHODS FOR OPTIMIZING PRODUCT PRICES
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United States of America Patent
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Issued Date -
Apr 30, 2015
app pub date -
Oct 24, 2013
filing date -
Oct 24, 2013
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Abstract
Systems and methods are provided for optimizing prices for products and services based on consumer survey data, or at least based on the principle that non-flat prices such as $0.99, $3.95, $49.99, for example, create negative impressions about merchants. The system may retrieve a current price from a database and identify a price class or a price range to which the current price corresponds. The system may then execute a pricing process that is associated with the identified price class or price range. The pricing process computes an offer price that a majority of consumers will perceive as being more fair than the current price.
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