One of the new trends in pricing helps companies adjust prices to maximize revenues.What is this mathematical software?
A) an expert pricing system
B) a yield management system
C) supply/demand personalization
D) a marketing information system

Question

Quizplus · Accepted Answer

The new trend in pricing that helps companies adjust prices to maximize revenues is called yield management system. It is a mathematical software that uses algorithms and data analytics to dynamically adjust pricing based on supply and demand conditions. Option A, expert pricing system, may refer to a type of software that utilizes the expertise of pricing professionals to set accurate pricing. Option C, supply/demand personalization, does not refer to any specific software or technology. Option D, a marketing information system, is a software that collects and manages data related to marketing activities but does not necessarily focus on pricing.

One of the New Trends in Pricing Helps Companies Adjust