What are price levels and how can I create them?

The final part is the editing of the configuration, which can also be used to set price levels.

In the configuration under step 4, the price levels can be generated, which act as a guideline for the algorithm and represent the various steps that are later recommended as price increases or discounts.

Some customers would like the prices to end with a 9 (€199 instead of €200) in order to trigger a psychological effect among customers. This is not possible with dynamic pricing. But the price levels make it possible. Here you can set the prices that are to be displayed.

The algorithm will then take the level closest to the suggested price.

Here you can create and configure the price levels:

In this video, I show you where you can use your price levels:

Setting price level

How to work with price scales and get the exact price