How to leverage AI and ML for an Effective promotional pricing strategy?
Cognira
OCTOBER 3, 2023
Offering items below their regular retail prices cultivates a sense of urgency, often referred to as the “Fear of Missing Out” (FOMO), which encourages immediate purchases. Retailers have long embraced this method, employing tactics such as “buy one, get one,” discounts, and coupons, especially in e-commerce.
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