Dynamic pricing is feasible in the electronic marketplace because the flow of information on the internet notifies millions of buyers of instantaneous changes in product availability.

Question

Quizplus · Accepted Answer

Dynamic pricing relies on real-time changes in product availability and demand, and the internet allows for instant dissemination of this information to a large number of potential buyers. This makes it feasible to implement dynamic pricing strategies in the electronic marketplace.

Dynamic Pricing Is Feasible in the Electronic Marketplace Because the Flow