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Opinion: How Experiments Influence Customer Decisions in a Digital-First World

Retail TouchPoints

This is famously called psychological pricing or charm pricing. Retailers also use bundle pricing strategies, wherein organizations sell a set of goods with lower prices than they would have charged if the customer bought all of them independently. market basket analysis.

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5 Highly Effective Retail Markdown Strategies that Work in 2021

Retalon

And you know what they say — “what gets measured gets managed.” ” Developing specific, measurable key performance indicators (KPIs) for your markdown pricing ensures your decisions align with company objectives. Use alternative pricing strategies in your markdowns.