____________ refers to the practice of price discrimination.
A)Critical ratio pricing
B)Dynamic pricing
C)Collective pricing
D)Fixed pricing
E)Classical pricing

Question

Quizplus · Accepted Answer

Dynamic pricing is the practice of charging different prices to different customers depending on various factors such as demand, time of day, location, etc. It is a form of price discrimination where businesses try to maximize their profits by charging customers the price they are willing to pay, rather than a fixed price for everyone.

____________ Refers to the Practice of Price Discrimination