Pricing model system and method
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United States of America Patent
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May 27, 2008
Grant Date -
Nov 20, 2003
app pub date -
Apr 29, 2002
filing date -
Apr 29, 2002
priority date (Note) -
Expired
status (Latency Note)
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Abstract
A pricing model may be used by a decision maker in the evaluation of prices of numerous items to multiple customers. The present system and method facilitates targeted and strategic pricing decisions that increase profitability and avoid unnecessary risks in pricing changes. The method includes the analysis of three categories of information--sales volume, purchase frequency and gross profit percent.
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