The internet offers ________,where the price can easily be adjusted to meet changes in demand.
A)captive pricing
B)dynamic pricing
C)basing-point pricing
D)price bundling
E)cost-plus pricing

Question

Quizplus · Accepted Answer

Dynamic pricing, also known as surge pricing or demand pricing, is a pricing strategy in which businesses adjust the price of a product or service in real-time in response to changes in demand or market conditions. This is made possible by the internet and data analysis tools that allow businesses to monitor and analyze changes in demand and adjust prices accordingly. Captive pricing, basing-point pricing, price bundling, and cost-plus pricing are pricing strategies that are not necessarily tied to the internet or real-time market conditions.

The Internet Offers ________,Where the Price Can Easily Be Adjusted