Quote:
Originally Posted by John Mercier
The market sets the price.
If everyone needs the 2x4s at the same time the price goes up.
We do it every time we get a new delivery of 2x4s. The faster they sell the faster the price moves.
Dynamic pricing handles the service side rather than the product side of the transaction - unlike in the past where customers would plan ahead.
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I owned a service business for over 35 years. I know the difference between market price and price gouging.