Dynamic pricing:
A) refers to pricing that shifts over time based on conditions associated with product supply and demand.
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 is a strategy where prices are adjusted over time based on various factors, including changes in supply and demand, rather than being fixed or solely based on competition.

Dynamic Pricing