Charging lower prices at certain times to encourage customers to come during slack periods refers to

Question

Quizplus · Accepted Answer

Off-peak pricing refers to charging lower prices during periods of low demand to encourage customers to visit during those times. This strategy can help businesses to even out demand and increase overall revenue. Bundling involves offering multiple products or services together as a package, random discounting refers to sporadic discounts without a specific target audience or time period, and partitioned pricing involves charging different prices for different versions or tiers of a product or service.

Charging Lower Prices at Certain Times to Encourage Customers to Come