Utilizing pricing changes to alter demand is referred to as?
A) Complementary services
B) Reservations
C) Demand sorting
D) Pricing policies/promotions

Question

Quizplus · Accepted Answer

Utilizing pricing policies and promotions is a common way to alter demand for a product or service. By changing the price, companies can incentivize customers to purchase more or less of a product depending on their goals. Complementary services, reservations, and demand sorting are all related concepts but do not specifically refer to altering demand through pricing changes.

Utilizing Pricing Changes to Alter Demand Is Referred to As