this is Burc Tanir - the co-founder and CEO of a competitor price tracking software called Prisync (http://prisync.com/).
my answer is more for products sold through e-commerce, or more specifically online retail.
in e-commerce worldwide, most of the companies want to have the lowest prices - of course, while remaining profitable - but it’s hard to be sure about that without knowing the competitors' dynamic prices.
with our solution that works for e-commerce companies of all sizes, it's possible to be the lowest in an efficient way.
also, other than automating competitor price tracking, we previously crafted an in-depth article to give more detailed information on this topic, so feel free to check that out too:
this is Burc Tanir - the co-founder and CEO of a competitor price tracking software called Prisync (http://prisync.com/). my answer is more for products sold through e-commerce, or more specifically online retail. in e-commerce worldwide, most of the companies want to have the lowest prices - of course, while remaining profitable - but it’s hard to be sure about that without knowing the competitors' dynamic prices. with our solution that works for e-commerce companies of all sizes, it's possible to be the lowest in an efficient way.
also, other than automating competitor price tracking, we previously crafted an in-depth article to give more detailed information on this topic, so feel free to check that out too:
https://blog.prisync.com/ecommerce-pricing-strategies/