On the Internet,price can easily be adjusted to meet changes in the marketplace.This is called ________.

Question

Quizplus · Accepted Answer

Dynamic pricing refers to the ability to adjust prices in response to changes in supply and demand, allowing for greater flexibility in pricing strategies. This is particularly useful in the online marketplace, where prices can be easily adjusted in real-time based on consumer behavior and market trends. The other options (captive pricing, basing-point pricing, price bundling, and freenomics) do not specifically relate to the ability to adjust prices in response to market changes.

On the Internet,price Can Easily Be Adjusted to Meet Changes