Prices that vary by time of the day, the season of the year, or the day of the week are called
A) price discrimination.
B) time pricing.
C) channel pricing.
D) product form pricing.
E) discounting.

Question

Quizplus · Accepted Answer

The practice of setting prices that vary by time of day, season of the year, or day of the week is known as time pricing. This strategy allows companies to maximize profits by charging higher prices during peak demand periods and lower prices during periods of low demand. It is a form of dynamic pricing that takes into account the varying levels of consumer demand over time.

Prices That Vary by Time of the Day, the Season