When prices are negotiated or discounted,as in auctions or stock markets,that pricing mode is called ________.
A)dynamic pricing
B)commodity pricing
C)pre-shopping
D)negotiation

Question

Quizplus · Accepted Answer

Dynamic pricing refers to a pricing strategy where prices of goods and services are changed according to market demand, competition, and other external factors. This is commonly used in auctions and stock markets where prices are negotiated or discounted in real-time based on demand and supply. Commodity pricing refers to a pricing strategy where prices are set based on the market value of goods or services, and pre-shopping does not relate to pricing modes. Negotiation refers to a process of reaching an agreement between two or more parties on the terms and conditions of a deal, which may or may not involve pricing strategies.

When Prices Are Negotiated or Discounted,as in Auctions or Stock