Case study: Priceline.com 2001

Essay specific features

 

Issue:

Business

 

Written by:

Scott S

 

Date added:

April 12, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1905

 

Was viewed:

5026 times

 

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Essay content:

Priceline.com is the world's first online buying service through which consumers name the price they're willing to pay. Leveraging the unique attributes of the Internet, Priceline.com finds sellers willing to meet buyers' needs and price. Jay Walker, the founder of Priceline.com, created a new concept and business model...
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This model shifts the setting of prices from sellers to buyers. The company seeks to use its patented system on products such as airline seats, hotel rooms, gasoline and groceries. Using a simple and persuasive consumer proposition called "Name Your Own Price," Priceline.com collects consumer demands for a product or service at a desired price...
displayed 300 characters

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