As a frequent Amazon customer, I have noticed that the prices of products I am interested in buying often fluctuate over time. These changes could either be an increase or decrease in price, and I have found myself waiting for the prices to drop before making a purchase. However, there have been instances where I bought a product at what I thought was a good price, only to find out that it became even lower afterwards.

I am curious about the pricing strategies that Amazon employs and how they impact consumer behavior. Does Amazon use random pricing, and if so, why? A simple steady price wouldn't be better for consumers/firms? Are there other pricing strategies that they use, such as dynamic pricing or personalized pricing? I'd like to hear some of your insights on this.



Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.