fintech / news / / LBC
Bank of England warns more companies are now planning to use ‘market-responsive pricing tools’ Around a third of firms expected to adopt them.
Around a third of UK firms are expected to adopt market-responsive pricing tools soon.
KEY POINTS
- Digital technology has significantly reduced the cost and effort required for businesses to change prices.
- Supermarkets are moving towards digital shelf labels, enabling easier and more frequent price changes.
- Morrisons plans to install digital displays in all 497 of its supermarkets, paving the way for dynamic pricing.
COMPANIES
Summarized by Newsio from LBC. How we summarize →