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

Question

Quizplus · Accepted Answer

Dynamic pricing refers to the practice of adjusting prices in response to changes in supply and demand or other market factors. The Internet allows for real-time monitoring of these factors, making it easier than ever to adjust prices quickly and efficiently. Captive pricing, promo pricing, price bundling, and payment pricing all refer to different pricing strategies, but do not necessarily involve the same degree of flexibility and responsiveness as dynamic pricing.

On the Internet, Price Can Easily Be Adjusted to Meet