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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| Format: | Patent |
| Sprache: | eng |
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| 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. |
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