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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| creator | Woo, Jonathan W |
| description | 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. |
| format | Patent |
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| language | eng |
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| source | USPTO Issued Patents |
| title | Markdown management |
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