Repricing strategies are the various ways that vendors establish and modify their prices on online markets like Amazon. Repricing strategies aim to maximize profitability while ensuring that sellers’ prices are competitive and appealing to potential customers. These are a few typical repricing techniques:
Rule-based repricing: Rule-based repricing entails establishing precise guidelines for price modifications based on elements like the prices of rivals, the hour of the day, or inventory levels. For sellers who desire more control over their price strategy, this option may work well. 

Algorithmic repricing: Algorithmic repricing automatically modifies prices in response to market trends and the prices of competitors using machine learning algorithms. This strategy is more dynamic and may work well for sellers that wish to maintain their competitiveness in the present.

Dynamic repricing: This process involves changing prices in response to shifts in supply or demand. For instance, the price can be changed to reflect a sudden surge in demand for a product. For sellers who wish to react fast to market developments, this strategy may be useful.