Breaking News         Latest US News              New York News              Fx Tribune

Building the ideal house: the importance of visualization
Suddenly the mobile phone costs 220 euros more: According to a study by consumer activists, prices vary enormously in many online shops – sometimes by time of day.

Online Trading: Prices on the internet sometimes change every hour

Suddenly the mobile phone costs 220 euros more: According to a study by consumer activists, prices vary enormously in many online shops – sometimes by time of day.

Online Trading: Prices on the internet sometimes change every hour

Traders change ir prices over and over again, that's part of business. But on Internet prices are developing in even faster cycles: sometimes daily or even hourly. This is shown by a study by Brandenburg Consumer Centre. Their experts watched prices of more than 1,100 products at 16 online retailers for 34 days. The result: all shops – with exception of an online pharmacy – regularly changed ir prices, 37 percent of observed prices fluctuated during investigation period.

In two out of three of se products, price changed up to three times in investigation period, about one-third up to 15 times, price of some goods changed even 32 times within 34 days. How prices developed was very different. 30 percent of prices were partly more than doubled. In case of a mobile phone from Media Markt, even 220 euros were between lowest and highest price offered.

In addition, dealers varied ir prices according to different patterns: at a. T. U car Parts shop, price changed several times in observation period depending on time of day. On or hand, Docmorris and Sanicare mail-order pharmacies, while some prices went down on a daily schedule, were different at same time.

The experts at Consumer centre fear that consumers will lose ir bearings as a result of frequent price changes. "The customer cannot estimate wher he is just saving or paying on his purchase," says team leader Kirsti Dautzenberg. "In addition, he no longer has a reliable reference price at which he can measure value of a product."

According to Dautzenberg, online retailers may end up harming mselves with ir price experiments: lack of transparency will diminish customer confidence.

Publish Date : 07 Ağustos 2018 Salı 12:00

Breaking News Headlines

Drive Safe: 5 Road Crash Facts That Will Absolutely Shock You
Drive Safe: 5 Road Crash Facts That Will Absolutely Shock You
Open Championship 2019: What makes Royal Portrush so unique?
Open Championship 2019: What makes Royal Portrush so unique?
Brexit – the beast that ended Theresa May’s reign as prime minister
Brexit – the beast that ended Theresa May’s reign as prime minister
Why do adults take multivitamins?
Why do adults take multivitamins?
Challenges of Studying MBA online and Suggestions to Overcome Them
Challenges of Studying MBA online and Suggestions to Overcome Them
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Technology Advancements: How will Things Change?
Technology Advancements: How will Things Change?
Bad Science – Ensuring We Keep Things Simple
Bad Science – Ensuring We Keep Things Simple
A Meaningful Life: Just What You Need for Better Health
A Meaningful Life: Just What You Need for Better Health
What to Expect at the Canadian Citizenship Test and Tips to Prepare
What to Expect at the Canadian Citizenship Test and Tips to Prepare
Tipping in America- What Should You Know as a Traveler?
Tipping in America- What Should You Know as a Traveler?
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES