Description
In this episode of The NBR Podcast with Simon Shepherd: How annoying is it when the price of a product surges online while you are trying to buy it? Surge – or dynamic pricing – is a widespread pricing tactic designed to manage demand and maximise profit. It's also one of several techniques the Australian government has labelled as unfair. It's putting a ban in place, so what is New Zealand doing?
Timestamps below:
(05:22) - So what is dynamic pricing?
(11:26) - Are they serving them, or they just trying to get the last bit of profitability out of that event?
(15:12) - I guess the business is trying to maximize revenue. Is that bad?
Links to audio clips used here.
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