Automated system for generating proposed markdown strategy...

Data processing: financial – business practice – management – or co – For cost/price

Reexamination Certificate

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C705S001100, C705S007310, C705S014130

Reexamination Certificate

active

07996330

ABSTRACT:
The present invention discloses a method, program product and system for controlling pricing of a product or service using a markdown profile. The method includes: selecting a markdown profile to be used for the product or service, selecting a retail price for the product or service, acquiring updated sales data regarding the product or service, determining a markdown to be applied to the price from the markdown profile using updated sales data, and reconciling a markdown budget with the determined markdown to be applied to said price to determine whether the markdown will be applied. The method can further include the step of adjusting a retail price of the product or service by the markdown.

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