Initial product offering system
US7103565B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Aug 25, 2000 |
| Grant date | Sep 5, 2006 |
| Priority date | — |
| Expiry date | Nov 5, 2021 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0605
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for making an initial product offering of tangible products and services. A price for a product may be determined by calculating an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group, calculating a cumulative demand for a product as a function of (i) expected purchase quantities of the product indicated by the potential purchasers in the buying group and (ii) the aggregate customer history factor, and setting a price of the product as a function of the cumulative demand for the buying group. The tangible products and services may be offered at the determined price.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.