Through ___, a firm alters prices frequently in response to changes in cost or demand.
A) an odd-pricing strategy
B) variable pricing
C) price lining
D) customary pricing

Question

Quizplus · Accepted Answer

Variable pricing is the strategy where a firm changes its prices based on fluctuations in demand or costs, allowing for flexibility in pricing to maximize profits or market share.

Through ___, a Firm Alters Prices Frequently in Response to Changes