While running a business, you must always be in seek of opportunities and look forward to opting for strategies that are required to boost your profit margin while maintaining your production cost. This can be achieved by constantly monitoring the competitors’ product prices. This analysis is called price monitoring or retail monitoring in technical terms. The aim of this analysis is to optimize one’s own policy of pricing. In today’s e-commerce era, customers use search engines and different apps to compare the prices of desired products in seconds. To stay ahead of the competition, every business requires a platform ...Read more

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