To maximize profits, service providers use tools such as __________ to charge different prices for different times of the day or week to reflect the variations in demand for their services.
A)off-peak pricing
B)scale pricing
C)capacity pricing
D)down-time pricing
E)fraction pricing

Question

Quizplus · Accepted Answer

Off-peak pricing is a tool used by service providers to charge different prices for different times of the day or week, depending on the variations in demand for their services. By offering lower prices during off-peak hours, service providers can incentivize customers to use their services during less busy times, leading to a more efficient utilization of resources and higher profits. Additionally, off-peak pricing can help service providers balance demand across different times of the day or week, reducing the need for costly capacity expansion.

To Maximize Profits, Service Providers Use Tools Such as __________