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Post by montegriffo on Sept 5, 2024 19:48:55 GMT
I know, I run a business. And its why they are looking into the time pressure, not the price. But they wouldn't be looking at the time if the prices hadn't increased. Without prior notice. |
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Post by equivocal on Sept 5, 2024 19:49:31 GMT
But they wouldn't be looking at the time if the prices hadn't increased. Without prior notice. Yes. |
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Steve
Hero Protagonist
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Post by Steve on Sept 5, 2024 19:54:44 GMT
I understood, using your figures, that the £100 tickets (i.e. standing in area A) increased to £270 (still standing in area A). My figures were examples not literal. But in interviews people claimed they were presented with tickets up to 5 times higher than the ones they had chosen, with no time to decide. That could well have been the case as Trading Standards are now investigating news.sky.com/story/business-watchdog-launches-inquiry-into-ticketmaster-oasis-gigs-sale-13210124 I could easily believe that the Ticketmaster/Live Nation unholy alliance could do such. The principle of dynamic pricing is OK but it has to be clear and fairly run. |
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Post by Orac on Sept 8, 2024 9:22:01 GMT
'Dynamic pricing' is how the system works.
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Post by Zany on Sept 8, 2024 13:19:24 GMT
Dynamic pricing is how every retail works, supply and demand.
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Post by montegriffo on Sept 8, 2024 14:44:07 GMT
Dynamic pricing is how every retail works, supply and demand. Really? How often do prices drop when demand falls off? |
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Post by Zany on Sept 8, 2024 14:55:03 GMT
Dynamic pricing is how every retail works, supply and demand. Really? How often do prices drop when demand falls off? Always. The price we charge is the maximum that enough customers will pay to make the business viable. That price depends on market competition and demand. If less people want the product then businesses start vying for the remaining ones, they do this by either offering more or cutting prices. |
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Steve
Hero Protagonist
Posts: 3,698
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Post by Steve on Sept 8, 2024 15:52:57 GMT
Really? How often do prices drop when demand falls off? Always. The price we charge is the maximum that enough customers will pay to make the business viable. That price depends on market competition and demand. If less people want the product then businesses start vying for the remaining ones, they do this by either offering more or cutting prices. Seems Monte has never seen those Sales that occur in our shops as the seasons change |
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