A key reason for the success of many low-cost operators is their flexible approach to pricing, which is known as _______ pricing.
A)static
B)dynamic
C)primary
D)secondary

Question

Quizplus · Accepted Answer

Dynamic pricing allows operators to adjust prices based on factors such as supply and demand, time of day, and other variables. This flexibility allows low-cost operators to maximize revenue while still meeting the needs and budgets of their customers. Static pricing, in contrast, is a fixed price that remains the same regardless of changes in demand or other factors. Primary and secondary pricing are not commonly used terms in the context of low-cost operators.

A Key Reason for the Success of Many Low-Cost Operators