Pricing can be the one of the most complicated aspects of the retail industry, depending on the competition, supply and demand of a specific product. Constant price fluctuation, coupled with the rise of showrooming and price-comparison strategies, can make it difficult for retailers to predict how a product will sell even a few months into the future.
This infographic, courtesy of 360pi, dives into the history of pricing, starting in 1200 BC, which was the first year currency and prices were recorded.
Pricing can be the one of the most complicated aspects of the retail industry, depending on the competition, supply and demand of a specific product. Constant price fluctuation, coupled with the rise of showrooming and price-comparison strategies, can make it difficult for retailers to predict how a product will sell even a few months into the future.
This infographic, courtesy of 360pi, dives into the history of pricing, starting in 1200 BC, which was the first year currency and prices were recorded.
