Dynamic Pricing Is Seen to Be in Action When

question 86

Multiple Choice

Dynamic pricing is seen to be in action when:

• A) buyers and sellers can view and compare prices for products sold online.
• B) prices are varied for individual customers.
• C) a company figures out how much it costs to make a product or deliver a service and then sets the price by adding a profit to the cost.
• D) when the pricing strategy taps into the belief that a high price means high quality.
• E) a low price is set in order to attract customers and gain market share.

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Definitions:

Percentage

A portion or division of a whole expressed as a number out of 100.

Development

Development refers to the process of economic growth, structural change, and improvement in the living standards and quality of life of a population.

Basic and Applied Research

Fundamental scientific exploration aimed at gaining knowledge and understanding, and its practical application to solve specific problems, respectively.

Percentage

A proportion or share in relation to a whole, expressed as a fraction of 100.