Article11 months ago

The Importance of Data-Based Decision Making in Pricing Strategy

The Importance of Data-Based Decision Making in Pricing Strategy
Summary
  • Many major retail companies rely on big data for market research and pricing strategy, including Honda, Motorola, and Walmart.
  • Data-driven decision making is crucial for retail businesses to succeed, such as adjusting prices based on key variables.
  • Web scraping competitors' pricing data is a common practice in pricing optimization and requires the use of residential proxy networks like Grass.

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