______ refers to a controversial system that gauges a customer's desire to buy,measures his means,and sets the price accordingly.
A)Dynamic pricing
B)Limit pricing
C)Cost-plus pricing
D)Skimming

Question

Quizplus · Accepted Answer

Dynamic pricing is the system that adjusts the pricing of goods or services based on factors such as customer demand and available inventory. It uses algorithms and data analytics to set different prices for different customers, at different times, locations, and situations. It is controversial because it may result in price discrimination, where some customers pay higher or lower prices than others for the same products. It is used in industries such as airlines, hotels, online retail, and ride-sharing, and can be both beneficial and detrimental to consumers and businesses alike.

______ Refers to a Controversial System That Gauges a Customer's