A __________ approach often changes prices based on time, day, week, or season.
A)skimming pricing
B)bundle pricing
C)yield management pricing
D)target return on investment pricing
E)standard markup pricing

Question

Quizplus · Accepted Answer

Yield management pricing, also known as dynamic pricing, adjusts prices based on various factors like time, day, week, or season, to maximize revenue. This approach is commonly used in industries such as hospitality, airlines, and entertainment, where demand tends to fluctuate frequently.

A __________ Approach Often Changes Prices Based on Time, Day