Initial product offering system and method
First Claim
1. A method for determining a price for a product, said method comprising:
- calculating an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group, the customer history factors including at least one of the following customer related parameters;
customer rating parameter, customer transaction parameter, customer demographics parameter, customer geographies parameter, customer psychographic parameter, and customer behavioral parameter;
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.
1 Assignment
0 Petitions
Accused Products
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.
-
Citations
21 Claims
-
1. A method for determining a price for a product, said method comprising:
-
calculating an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group, the customer history factors including at least one of the following customer related parameters;
customer rating parameter, customer transaction parameter, customer demographics parameter, customer geographies parameter, customer psychographic parameter, and customer behavioral parameter;
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. - View Dependent Claims (2, 3, 4, 5, 6, 7)
-
-
8. A system for determining a price for a product, said system comprising:
-
a memory configured to store historical purchasing information associated with potential purchasers of a product; and
a processor in communication with said memory and configured;
(i) to calculate an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group, the customer history factors including at least one of the following customer related parameters;
customer rating parameter, customer transaction parameter, customer demographics parameter, customer geographies parameter, customer psychographic parameter, and customer behavioral parameter;
(ii) to compute cumulative demand for a product as a function of;
(a) expected purchase quantities of the product indicated by the potential purchasers in the buying group and (b) the aggregate customer history factor, and (iii) to compute the price of the product as a function of the computed cumulative demand for the buying group. - View Dependent Claims (9, 10, 11, 12, 13, 14)
-
-
15. A system for determining a price for a product, said system comprising:
-
means for computing an aggregate customer history factor by aggregating customer history factors of potential purchasers in a buying group, the customer history factors including at least one of the following customer related parameters;
customer rating parameter, customer transaction parameter, customer demographics parameter, customer geographics parameter, customer psychographic parameter, and customer behavioral parameter;
means for determining 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
means for setting a price of the product as a function of the cumulative demand for the buying group. - View Dependent Claims (16, 17, 18, 19, 20, 21)
-
Specification