MarketTime accepts two forms of Automated Price Changes; Price Structures and Price Code. This article will help you determine which you should use.
What you'll learn
- What are Price Structures
- What are Price Codes?
TABLE OF CONTENTS
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What are Price Structures?
Price Structures are volume-based pricing tiers that forces the item's price to change based on a designated quantity. If you have products that are discounted once the buyer orders a certain quantity of items -- this will be the Price Option for you.
Price Structures are used by creating two columns; the first of which is "Price Structure Quantity 1" that designates the first quantity at which the price should change. If your item should be discounted when a buyer orders 6 or more, you would put a 6 here.
The second column is "Price Structure Price 1". This field is the price that should be applied when the Price Structure Quantity 1 is met. If your product should cost $5 after 6 pieces are ordered, you would put a "5" in this field.
You can continue to use "Price Structure Price" and "Price Structure Quantity" up to 5 times -- for a grand total of 6 pricing tiers including the default Minimum Quantity and Unit Price.
What are Price Codes?
Price Codes are individually-selected pricing tiers that allow retailers to be given a special price based on a variety of reasons. If you have products that should be discounted due to VIP/Long-time buyers ordering products, this is the price setting for you.
Price Structures are used by creating a column with a "Price Code 'Letter'" in the column's header. Your first Price Code will always be Price Code A, your second Price Code B, and so on. In MarketTime, Sales Agencies have the ability to change the names from "A" or "B" to whatever they choose, which you can read more about here.
Just list the price that correlates for each special tier, and Sales Agencies will have the ability to assign them as a default setting for customers as they build orders in MarketTime!