Price may be a core value proposition offered by some businesses. In these cases, organizations employ a combination of cost management, yield management and _______ pricing.
A)diverse
B)dynamic
C)standard
D)customer

Question

Quizplus · Accepted Answer

Dynamic pricing involves adjusting prices in real time based on supply and demand, allowing businesses to offer competitive pricing and maximize revenue. This strategy is often used by businesses that focus on price as a core value proposition. Cost management and yield management are also important components of pricing strategy, but they alone do not encompass the concept of dynamic pricing. Diverse pricing and customer pricing are not commonly used terms in pricing strategy.

Price May Be a Core Value Proposition Offered by Some