← Library · Definition

Dynamic Pricing

Dynamic pricing uses AI to automatically adjust product prices in real-time based on fluctuating factors such as demand, competitor prices, inventory levels, and even time of day. This helps retailers maximize revenue by selling items at the optimal price point, ensuring competitiveness and profitability, especially for products with variable popularity.

Learn one new AI thing every day.

Daily Deck sends you seven plain-English cards like this every morning. Free.

Start free