A pricing strategy that involves constantly updating prices to reflect changes in supply,demand,or market conditions is called
A)dynamic pricing.
B)market pricing.
C)penetration pricing.
D)demand pricing.
E)flexible pricing.

Question

Quizplus · Accepted Answer

Dynamic pricing involves adjusting prices based on changes in supply, demand, or market conditions. This strategy allows businesses to respond quickly to fluctuations in the marketplace, which can help maximize profits and maintain competitiveness. While other pricing strategies may be effective in certain situations, dynamic pricing is the best choice for businesses looking to stay nimble and responsive to changing market conditions.

A Pricing Strategy That Involves Constantly Updating Prices to Reflect