Automated synchronous product pricing and advertising system

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping

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Details

705 14, 705 16, 705 20, 705 21, 705 22, 705 24, G09G 300, G09G 302, G06F 1521, G06F 1516, G09F 302

Patent

active

060760710

ABSTRACT:
An automated product pricing system including a physical store system, a virtual store system, and a control system. The physical and virtual store systems are capable of transmitting sales data indicative of the number of sales of identified respective products. The control system is adapted to receive the sales data from the physical store system and the virtual store system. In response thereto, the control system generates price change data including a changed price of an identified product based on the sales data received from at least one of the physical and virtual store systems. The price change data is then transmitted by the control system to at least one of the physical and virtual store systems to thereby change the price of the identified product.

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