On the Internet,price can easily be adjusted to meet changes in the marketplace.This is called ________.
A)captive pricing
B)dynamic pricing
C)basing-point pricing
D)price bundling
E)freemiums

Question

Quizplus · Accepted Answer

Dynamic pricing refers to the practice of adjusting prices based on market demand and other factors in real-time. This is possible on the internet due to the ease of changing prices on websites and online marketplaces. Captive pricing refers to the practice of offering a product or service to customers at a low or nominal price and making profits from additional features or add-ons. Basing-point pricing refers to the practice of setting prices based on a specific location or market. Price bundling refers to the practice of selling multiple products or services as a package at a discounted price. Freemiums refer to the practice of offering a basic version of a product or service for free, while charging for premium features.

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