Buying high vs. bargain hunting
Thursday, August 18, 2016 - 06:01
in Mathematics & Economics
Purchasing and pricing has always been a dance between buyers and sellers. Before deciding to make a purchase, buyers spend varying amounts of time and effort searching for price information. These searches can and do affect the pricing strategies of sellers: Where should they set their prices? Should they offer sales or discounts, or keep their product prices at a high margin?