Have you ever seen a slashed-through original cost next to a sale tag? That crossed-out number is more than just old information. It is a powerful tool in retail. This method is known as price anchoring. It works by setting a high reference point. This initial figure shapes how we view the final selling figure. …
Price promotions with expiration dates are among the most reliable marketing methods. Businesses worldwide use discount coupons, sales, and flash deals. The “limited-time” aspect is a key part of their design. While what’s on sale and the discount level attract customers, the expiration date influences when they buy. A carefully chosen window acts as a …
Timing is everything when it comes to making a purchase. Understanding the fluctuations in product pricing throughout the year can help you save money by identifying the best times to buy. Prices follow predictable patterns based on factors like inventory management, demand cycles, and retail strategies. Retailers adjust pricing according to seasonal factors, including weather …