In contrast, flat rate price adjustments enable you to raise or lower an item’s price by a fixed amount. You define the initial prices for each size (baseline), set the new prices for each size after the adjustment, and specify when these new prices will be in effect.
- Price Adjustment: With a flat price and changes, you have the flexibility to either raise or lower the item’s price by a fixed amount.
- Base Prices/Sizes: Define the initial prices for each size. These initial prices serve as the baseline from which any adjustments will be made.
- New Prices for Each Size: Set the new prices for each size.
- Time Period: Specify the time range when the new price will be effective. This ensures that the adjusted prices are automatically applied during the specified hours or days.
Here’s a detailed breakdown:
- The selected day
- Initial prices for each size (baseline)
- New price for each size
- The start and end time of the new price schedule.
- An option to delete the schedule.
- It’s not mandatory to adjust prices for all available size or type; you can selectively leave others unchanged if that’s your preference.
- If a new size or price option is introduced for the item after configuring smart pricing with a flat rate, these additions won’t be influenced by the existing smart pricing. Smart pricing will only be applied to the original prices set prior to any changes.
- You cannot edit an existing schedule. If you need to make changes, you must delete the schedule and create a new one.
Whether you choose percentage-based or flat rate pricing, smart pricing offers a powerful tool to help you fine-tune your pricing strategy, ensuring that your menu is both competitive and profitable.