Automated control of pricing using markdown profiles

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

Reexamination Certificate

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C705S001100, C705S002000, C705S026640, C705S028000, C705S03600T

Reexamination Certificate

active

07822692

ABSTRACT:
A method, program product and system for controlling pricing for sale of a product, where the method includes: selecting a markdown profile to be used for the product; selecting a retail price for the product; acquiring updated sales data regarding the product; and determining a markdown to be applied to the retail price from the markdown profile using the updated sales data. The method can further include the step of adjusting a retail price of the product by the markdown. The method, program product, and system may also provide a data structure for implementing a markdown profile by determining retail price adjustments for a product, where the data structure includes: an actual sales quota parameter; a posting period parameter arranged perpendicular to the actual sales quota parameter; and a plurality of data fields containing markdowns, each data field corresponding to a specific posting period and actual sales quota range and each markdown relating to an amount of adjustment of a retail price for the product.

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