DEVICE, SYSTEM, AND METHOD OF DYNAMIC MODIFICATION OF SALE TERMS OF ELECTRONIC TRANSACTIONS
First Claim
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1. A system for electronic transactions, the system comprising:
- a computer to store a set of sale terms associated with a product offered for sale,to receive a supply/demand alert associated with the product,to automatically modify one or more terms of the set of sale terms based on the supply/demand alert, andto provide to a client device the modified set of sale terms.
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Abstract
Device, system, and method of dynamic modification of sale terms of electronic transactions. For example, a system for electronic transactions includes a computer to store a set of sale terms associated with a product offered for sale, to receive a supply/demand alert associated with the product, to automatically modify one or more terms of the set of sale terms based on the supply/demand alert, and to provide to a client device the modified set of sale terms.
76 Citations
25 Claims
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1. A system for electronic transactions, the system comprising:
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a computer to store a set of sale terms associated with a product offered for sale, to receive a supply/demand alert associated with the product, to automatically modify one or more terms of the set of sale terms based on the supply/demand alert, and to provide to a client device the modified set of sale terms. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for electronic transactions, the method comprising:
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storing a set of sale terms associated with a product offered for sale; receiving a supply/demand alert associated with the product; automatically modifying one or more terms of the set of sale terms based on the supply/demand alert; and providing to a client device the modified set of sale terms. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A computer program product comprising a computer useable medium including a computer readable program, wherein the computer readable program when executed on a computer causes the computer to perform a method comprising:
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storing a set of sale terms associated with a product offered for sale, receiving a supply/demand alert associated with the product, automatically modifying one or more terms of the set of sale terms based on the supply/demand alert, and providing to a client device the modified set of sale terms. - View Dependent Claims (24)
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25. A system for online transactions, the system comprising:
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a product database to store a set of sale terms associated with a product offered for sale in a fixed-price transaction route; a supply/demand alert generator to generate a supply/demand alert associated with the product, the supply/demand alert selected from the group consisting of; an alert indicating increased demand for the product; and an alert indicating low inventory for the product; and an electronic commerce server to automatically modify the set of sale terms associated with the product from a fixed-price transaction route to an online auction route based on one or more pre-defined sale terms modification rules, to automatically generate an online auction for the product based on one or more pre-defined auction generation rules, and to automatically determined an auction opening price based on a calculation that takes into account a previous price of the product in the fixed-price transaction route.
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Specification