Dynamic pricing is a pricing strategy that involves pricing a product higher than competitors to signal that it is of higher quality.

Name: Dynamic pricing is a pricing strategy that involves pricing a product higher than competitors to signal that it is of higher quality.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Dynamic pricing is a strategy that involves adjusting prices on the fly in response to market demands, not necessarily pricing a product higher to signal higher quality.

Dynamic Pricing Is a Pricing Strategy That Involves Pricing a Product