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this post was submitted on 04 Oct 2023
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This is news? I know that gas stations specifically have been doing it forever.
Surely every company makes decisions on how best to increase income, that's a pretty significant part of being a business.
Right? Amazon's monopoly is definitely a problem but this part feels pretty par for course. Finding the sweet spot between price/competition/demand is like business fundamentals 101. I can assure you this is something all major retailers consider. There are also many analytics companies with their own "secret" algorithms (this probably just means proprietary?) focused on things things like pricing elasticity and optimization and are targeted to these retailers.