Which of the following pricing strategies is used by many e-tailers in order to provide flexibility between buyers and sellers in setting a price?
A) Penetration pricing
B) Psychological pricing
C) Breakeven pricing
D) Fixed pricing
E) Dynamic pricing

Question

Quizplus · Accepted Answer

Dynamic pricing is a strategy that allows e-tailers to adjust prices in real-time based on market demand and other variables. This pricing strategy is especially common in industries such as travel and e-commerce, where prices may fluctuate frequently based on consumer behavior and market conditions. By using dynamic pricing, e-tailers can provide flexibility between buyers and sellers in setting a price, which can help them remain competitive and maximize profits.

Which of the Following Pricing Strategies Is Used by Many