Priceline,which offers passengers a chance to name their own price for flights,is an example of a competition-led pricing technique.

Question

Quizplus · Accepted Answer

Priceline's model, where passengers name their own price, is an example of a consumer-led pricing technique, not competition-led. This approach allows consumers to set the price they are willing to pay, which is then accepted or rejected by sellers, rather than prices being set in direct response to competitors' pricing.

Priceline,which Offers Passengers a Chance to Name Their Own Price