Dynamic pricing:
A) refers to pricing that shifts over time.
B) refers to pricing that is always a notch higher than competition.
C) refers to pricing strategies that focuses on consistency even if environmental conditions fluctuate wildly.
D) is also known as the bargaining power of customers.
E) refers to pricing that is always a notch below competition.

Question

Quizplus · Accepted Answer

Dynamic pricing refers to pricing strategies that shift over time based on various factors such as demand, inventory levels, and consumer behavior. This allows businesses to adjust prices in response to changing market conditions and maximize their profits.

Dynamic Pricing