Choose Pricing Strategy Type
Choosing the pricing strategy type is available after adding at least one product item to the group.
Strategy type | What is it used for |
Competition | Strategy works best for KVI (Key Value Items) products. This strategy looks at what other stores are charging for the same products. It helps set prices that keep you competitive in the market. |
Boost Profit [Will be available soon] | Strategy works best for Profit Gen and Long Tails products. This strategy uses ML/AI with historical sales data to understand how price changes affect customer buying behavior. It aims to find the best price that will increase profit. |
Boost Sales [Will be available soon] | Strategy works best for Sales Gen products. This strategy uses ML/AI with historical sales data to understand how price changes affect customer buying behavior. It aims to find the best price that will increase sales (units). |
At present, only the Competition strategy type is available for selection. Additional strategy types will be introduced soon.
