Hacker News new | ask | show | jobs
by ldec 2154 days ago
Companies use this data to raise the price of items that are mostly bought by people with a lower sensitivity to price.

A famous example is Tesco in the UK that worked out they could double the prices of certain cheeses with no impact on sales volume, because the people that bought those cheeses mostly bought the most expensive brands in other categories (they were probably higher income people).