________ are prices that are adjusted continually to meet the characteristics and needs of the consumer.
A)Segmented
B)Promotional
C)Dynamic
D)Psychological
E)Geographical

Question

Quizplus · Accepted Answer

Dynamic prices are constantly adjusted to meet the needs and characteristics of the consumer in real-time. This can be done using various factors such as demand, supply, and other market conditions. For instance, dynamic pricing is commonly used by airlines, hotels, and ride-sharing services, among others, to adjust their prices based on factors such as seat availability and peak travel periods. This allows them to charge consumers the optimal price for their services, maximizing revenue and profit.

________ Are Prices That Are Adjusted Continually to Meet the Characteristics