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Preferences - Include My Price in SmartPrice Calculation

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This preference will be set 'No' by default, but you can always change it from your settings. Here is the difference between two options:

  • If you choose Yes the system will not suggest you a price if your rule is depending on the position you are in. For example, if you set your rule to be always equal to the cheapest price it will not give you a SmartPrice once you are the cheapest. 
  • If you choose No, it will give you a SmartPrice according to your cheapest competitor regardless of your position.

Let's assume that you have a rule like "My price should be 5 GBP higher than cheapest of my competitors (including me) but it should not be lower than (my cost + 5 GBP" for the product below:

 

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If you set this as "No", the system will check your competitors' prices and see that the cheapest of your competitors has a price of 48 GBP. Then, the system will apply your rule:

  • 48+5 = 53 GBP
  • and 53 GBP is not smaller than 35 + 5 = 40 GPB
  • and suggested price is 53 GBP

If you set this as "Yes", the system will not suggest a price because your own price is also included in the calculation and then the system says "Your price is the cheapest price and your rule is also set for cheapest"

 

We suggest you keep this preference as 'No' so you will get SmartPrice suggestions properly and based on your competitors.