The process of charging different prices for goods or services based on the type of customer,level of demand,or time of the day,week,or season is referred to as
A) dynamic pricing.
B) the substitution effect.
C) the income effect.
D) the target return effect.
E) cross-price elasticity.

Question

Quizplus · Accepted Answer

The process of charging different prices for goods or services based on various factors such as customer type, demand, and time is known as dynamic pricing. It is commonly used by businesses to optimize profits and sales.

The Process of Charging Different Prices for Goods or Services