A pricing strategy where the price of an item fluctuates frequently based on complicated algorithms is called________.
A)artificial intelligence
B)competitive pricing
C)dynamic pricing
D)promotional pricing

Question

Quizplus · Accepted Answer

This describes dynamic pricing, where the price of an item changes frequently based on various factors such as demand, seasonality, and competition. It is often used in industries such as airlines and hotels, and allows companies to optimize revenue and profit.

A Pricing Strategy Where the Price of an Item Fluctuates