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Initial product offering system and method

  • US 7,912,761 B2
  • Filed: 09/01/2006
  • Issued: 03/22/2011
  • Est. Priority Date: 08/27/1999
  • Status: Expired due to Fees
First Claim
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1. A method for determining a price for a product, said method comprising:

  • calculating, by a computing system, 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;

    calculating, by the computing system, 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, by the computing system, of the product as a function of the cumulative demand for the buying group.

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