When a firm varies its price by the season,month,day,or even hour,it is using ________ pricing.
A) revenue management
B) penetration
C) variable
D) time
E) value-added

Question

Quizplus · Accepted Answer

Time-based pricing is a method used by firms to vary prices based on different times of the day, week, or month, or even by season. This method is often used in hospitality and tourism industries, where prices are higher during peak seasons or peak hours. Revenue management, value-added, and variable pricing are different strategies that do not necessarily relate to time-based pricing. Penetration pricing is a pricing strategy used to gain market share, which is also unrelated to time-based pricing.

When a Firm Varies Its Price by the Season,month,day,or Even