MARKDOWN MANAGEMENT

Price elasticity of sales of an item of commerce is estimated. Based on the price elasticity, a maximum gross margin for the item is determined. The maximum possible gross margin is then used in connection with setting or evaluating markdown scenarios for the item.

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Bibliographische Detailangaben
1. Verfasser:	JONATHAN, W. WOO
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:	Price elasticity of sales of an item of commerce is estimated. Based on the price elasticity, a maximum gross margin for the item is determined. The maximum possible gross margin is then used in connection with setting or evaluating markdown scenarios for the item.