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Monday, October 20, 2014
The state of dynamic pricing
Blog - Arts Marketing Association: Might ‘dynamic pricing’ be coming of age in the cultural sector? There is plenty of relevant evidence about implementation and impact in the US across a wide range of commercial and not for profit organisations, and growing adoption now in the UK and Europe. Is it time to learn and understand from that experience?
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It's seems that just like this article, dynamic pricing has negative and positive effects of society. But no matter how society feels about this pricing it all depends on supply and demand. So if there is a popular item then a discount would create even more demand. But if there is a shortage in supply, then the price will increase. I do personally think companies are becoming lazy with their supply. They are using cheaper material and taking more time for a very expensive item. Yes it increases their profit, but anything created should be useful. Companies are just full of greed and don't care what happens around them. All they want is their profit and that's it.
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