Out-of-date items such as last year's models of computer equipment and accessories sold online are often priced using
A) time-sensitive pricing.
B) real-time response pricing.
C) dynamic pricing.
D) auction pricing.
E) transparent pricing.

Question

Quizplus · Accepted Answer

Dynamic pricing is a strategy where prices are adjusted based on current market demands, inventory levels, and other factors, making it suitable for selling out-of-date items like last year's models.

Out-Of-Date Items Such as Last Year's Models of Computer Equipment