Estimated read time 12 min read
Finance Retail

Markup Methods in Retail: Choosing the Right Approach to Maximize Profitability

Learn how to choose the right markup method in retail to increase profitability. Explore techniques, tips, and examples for maximum ROI.

Estimated read time 9 min read
Retail Trending

Using Dynamic Pricing Strategies in Retail

When consumers buy a product regardless of price increases (like cigarettes and fuel), they are considered inelastic. In contrast, elastic products (such as cable TV and movie tickets) suffer from price fluctuations.