Limited inventory offered for sale at iteratively adjusted pricing
OwnerChristopher M. Tobininventor
Life of this patent
Estimating the term…
Abstract
Limited inventory is offered for sale at iteratively adjusted pricing. An item of an inventory is offered for sale to a consumer at a current sale price in a network-enabled auction. The current sale price for the item is iteratively adjusted based upon pre-defined criteria, such as an amount of inventory remaining or an elapsed time that the item has been offered. A bid on the item is received from the consumer at the current sale price.
Claims21
A method comprising:
- offering an item of an inventory for sale to a consumer at a current sale price in a network-enabled auction;
- iteratively adjusting the current sale price for the item based upon pre-defined criteria;
- and
- receiving a bid on the item from the consumer at the current sale price.
A machine-readable medium having stored thereon a plurality of instructions, when executed by a machine, cause the machine to perform a method comprising:
- offering an item of an inventory for sale to a consumer at a current sale price in a network-enabled auction;
- iteratively adjusting the current sale price for the item based upon pre-defined criteria;
- and
- receiving a bid on the item from the consumer at the current sale price.
An apparatus comprising a server to iteratively adjust a price for an item of an inventory offered for sale in a network-enabled auction based upon instructions from a vendor.
A system comprising:
- a processing unit;
- a memory coupled to the processing unit through a bus;
- and
- a network-enabled auction service executed from the memory by the processing unit to offer an item of inventory to a consumer at a current sale price, the current sale price being iteratively adjusted until the inventory is exhausted, and to receive a bid on the item at the current sale price.
Dependencies are inferred from the claim text.