Ron writes about curtains:
Quite a saga. The temporary curtain, however, looks cheery.
More and more, these days, I'm using cash rather than credit cards. There have been so many hacks into major retailer's systems, and rising concerns for privacy, that I figure it can't hurt. Stores track individual customer's purchases through credit card history.
We may be moving toward "demand pricing," where the volume of sales for a particular item at that moment determines the price. More demand, higher price. Uber does that, as do hotels and the airlines. Some parking meters do that too. When the street is almost full of parked cars, the parking fee goes up on that street. There were times when this would simply be called "gouging." Today it's "demand pricing." Gas and electric rates are also moving toward "time of day" pricing, where rates are higher during the peak demand hours, usually during mid-day.
I am still a little puzzled...this from Yahoo answers about What is Demand Pricing?
I am still a little puzzled...this from Yahoo answers about What is Demand Pricing?
What is Demand-based pricing?
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Demand-based pricing is any pricing method that uses consumer demand - based on perceived value - as the central element. These include : price skimming, price discrimination and yield management, price points, psychological pricing, bundle pricing, penetration pricing, price lining, value-based pricing, geo and premium pricing.Bold text
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demand based pricing is when prices are lowered or raised based on a fluxuation in demand. it is an alternative form of pricing compared to pricing based on actual value.
regardless of what a product is worth, demand based pricing can cause merchants to be forced to take a loss or an unusual profit based on the success of a product.
