Which of the following statements about a flexible-price policy is NOT true?
A)A flexible-price policy may be used when selling a house.
B)When using a flexible-price policy, the seller may risk violating the Competition Act.
C)This flexible-price policy may be used when selling a car.
D)Also called dynamic pricing, it gives sellers very little discretion in setting final price.

Question

Quizplus · Accepted Answer

The statement that "Also called dynamic pricing, it gives sellers very little discretion in setting final price" is not true. In fact, flexible pricing policies give sellers a lot of discretion in setting final prices as they allow prices to vary based on changing market conditions or other factors. Dynamic pricing is a specific type of flexible pricing that involves using algorithms and data analytics to adjust prices in real-time based on demand and other factors.

Which of the Following Statements About a Flexible-Price Policy Is