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A Price Alarm for a wish list

IP.com Disclosure Number: IPCOM000032462D
Original Publication Date: 2004-Nov-05
Included in the Prior Art Database: 2004-Nov-05

Publishing Venue

IBM

Abstract

This disclosure describes a business process which allows a customer to register the price they are willing to pay for a product with the retailer. This then allows the retailer to set the price of a product based on its customers' registered prices. This provides a more certain estimate of profit for the retailer and a perceived "fairer" price for the customer.